Deduction
This query is : Resolved
21 February 2015
Sir,
if an assessee has only short term capital gains whether can he claim deduction under chaper VI -A u/s 80C?
if an assessee has only short term capital gains whether can he claim deduction under chaper VI -A u/s 80C?
21 February 2015
Hi
Deductions under Chapter VI-A are barred for short-term capital gains under Sec. 111A(2), where such short-term capital gains arise on sale of shares or equity oriented investments in mutual funds.
Thanks!!
@VaibhavJ
Deductions under Chapter VI-A are barred for short-term capital gains under Sec. 111A(2), where such short-term capital gains arise on sale of shares or equity oriented investments in mutual funds.
Thanks!!
@VaibhavJ
21 February 2015
Refer: https://www.bcasonline.org/articles/artin.asp?518
let us know your source of short term cap gain.
Thanks!!
@VaibhavJ
let us know your source of short term cap gain.
Thanks!!
@VaibhavJ
21 February 2015
Sir,
it is from sale of land
it is from sale of land
21 February 2015
Hi,
Yes you can since it is not covered u/s 111A, check pg 17.
https://www.incometaxindia.gov.in/tutorials/14-%20stcg.pdf
Thanks!!
@VaibhavJ
Yes you can since it is not covered u/s 111A, check pg 17.
https://www.incometaxindia.gov.in/tutorials/14-%20stcg.pdf
Thanks!!
@VaibhavJ
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