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
Amol S Joglekar
(Expert)
04 June 2014
Yes, it can be set off in the same year
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