banner_ad

long term capital gain

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
10 December 2009 long term capital loss (without STT) for off market trade after indexing rs. 11,00,000
long term capital gain from market transaction (STT Paid)rs. 10,00,000

Long Term Propery Gain after Indexing Rs. 10,00,000

what happens for tax calculation? and which set off against LTCG from sale of Real Estate property?
Profile Image

CA. VIKAS GUPTA

Profile Image

CA. VIKAS GUPTA (Expert)
10 December 2009 hi,
Long term capital gain with STT is exempt.
Tax calculation will be as follows: -
LTCG after indexation on property= 1000000
Less:LTCL after index.on on shares=1100000
LTCL to be carried forward to subsequent years if return is filed on or before due date) = Rs.100000/-
Tax payable= NIL
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
17 December 2009 thanks
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details