Deduction from capital gain
This query is : Resolved
01 August 2014
Deduction under chapter VIA are not available from:
1) Long Term Capital Gain
2) Short Term capital Gain covered u/s 111A
3) Casual Income like winning from lotteries, Card Games, Horse races etc.
1) Long Term Capital Gain
2) Short Term capital Gain covered u/s 111A
3) Casual Income like winning from lotteries, Card Games, Horse races etc.
Rupesh Jain
(Expert)
02 August 2014
NO IT IS NOT AVAILABLE FOR CAPITAL GAIN, HORSE RACE, GAMBLING ETC., SHORT TERM CAPITAL GAIN.
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