Deduction u/s 80c
This query is : Resolved
Deepa Varghese
(Querist)
09 March 2010
Can we set off against Short term capital gains ?
Rahul Gupta
(Expert)
09 March 2010
80C deduction is available out your Gross Total Income. Since capital Gain is included in Gross Total Income, it is available for Short term Capital Gain.
09 March 2010
AGREE. IT IS AVAILABLE AS CAPITAL GAIN IS PART OF YOUR GROSS TOTAL INCOM.
CMA Ramesh Krishnan
(Expert)
09 March 2010
Agree with Mr.Rahul
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