Long term capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 June 2014
SIR,
A MANUFACTURING COMPANY HAS INCURRED LONG TERM CAPITAL LOSS OF RS. 50.00 LACS ON SALE OF LISTED SECURITY AFTER AVAILING INDEXATION FACILITY UNDER OPTION I 20% TAX RATE
THE COMPANY HAS ALSO EARNED LONG TERM CAPITAL GAIN OF RS.100.00 LACS AFTER INDEXATION ON SALE OF LAND
SIR PLEASE GUIDE ME THE LOSS ON SALE OF LISTED SECURITY CAN BE SET OFF AGAINST LONG TERM CAPITAL GAIN
A MANUFACTURING COMPANY HAS INCURRED LONG TERM CAPITAL LOSS OF RS. 50.00 LACS ON SALE OF LISTED SECURITY AFTER AVAILING INDEXATION FACILITY UNDER OPTION I 20% TAX RATE
THE COMPANY HAS ALSO EARNED LONG TERM CAPITAL GAIN OF RS.100.00 LACS AFTER INDEXATION ON SALE OF LAND
SIR PLEASE GUIDE ME THE LOSS ON SALE OF LISTED SECURITY CAN BE SET OFF AGAINST LONG TERM CAPITAL GAIN
04 June 2014
Yes, it can be set off in the same year
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Supply through E-commerce Operators
- Sales return eway bill
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- E way bill for tractors
- Specified Profession
- Agriculture income or business income
- Suggestions required for income tax filing-software (FY 2025-26)
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Taxation on LTCG for property sold after 24JUL2024
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
