Long term Capital Gain where STT not Paid
This query is : Resolved
16 July 2011
Hello sir,
If some one have gain from Long term capital where STT not paid, what tax rate?
And if LTGL (loss) where STT Not paid, is it set off with any gain? or C/f it to next year?
PLZ. GUID
THANKS
-Hasmukh Patel
If some one have gain from Long term capital where STT not paid, what tax rate?
And if LTGL (loss) where STT Not paid, is it set off with any gain? or C/f it to next year?
PLZ. GUID
THANKS
-Hasmukh Patel
Aditya Maheshwari
(Expert)
16 July 2011
tax payable @ 20% on gain.
If loss loss can be set off against other LTCG only except LTCG on which STT has been paid and can be carried forward to 8 years and can be set off against future LTCG.
If loss loss can be set off against other LTCG only except LTCG on which STT has been paid and can be carried forward to 8 years and can be set off against future LTCG.
CA PARAS BAFNA
(Expert)
16 July 2011
1. In case STT not paid indexation allowed and tax rate is 20%.
LTCL can be set off against any LTCG only.
If there is no LTCG or insufficient LTCG, LTCL can be c/fd.
1. In case STT not paid indexation allowed and tax rate is 20%.
LTCL can be set off against any LTCG only.
If there is no LTCG or insufficient LTCG, LTCL can be c/fd.
CA Mukesh Jain S
(Expert)
17 July 2011
U/s 112 it is taxable @ 20 % & the loss can be carried forward
20 July 2011
if it is taxable @20%, what if income from LTCG (STT NOT PAID) AMOUNT LESS THEN RS. 160000/-
Aditya Maheshwari
(Expert)
20 July 2011
Basic exemption available.
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- EPF ECR NEW RULES Sep 17th 2026
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
