Deduction of Rs. 1,00,000 under section 112A
This query is : Resolved
30 July 2021
Hi, I have short term capital gain which is set off against carried forwrarded short terms capital loss from pervious years. At the same time I have long term capital gain less than Rs. 1 lac which is also set off against carried forwrarded short terms capital loss from pervious years. No deduction of Rs, 1,00,000 taken place in the ITR-2. May I know how to get the deduction in this scenario. I appreciate your kind support.
30 July 2021
Carried forward loss setoff happened so you can't claim deduction.
31 July 2021
you can not claim deduction
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