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
- Visiting card purchase
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Query on effect of registration of property
- GST on reimbursement of expenses
- Number of years as per AS amortisation of Goodwill
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Wrong CMPo8 file
- Additional trade name
- Whether output tax is taken credit by purchaser
- Equity Share Sale and Purchase
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
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
