Deduction
This query is : Resolved
kalaivani.c
(Querist)
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
kalaivani.c
(Querist)
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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