long term capital gains and chapter vi a deductions
This query is : Resolved
n sai anjaneyulu
(Querist)
17 June 2011
my innterest income is 130000 and long term capital gains is 230000 and lic etc. u/s.80-c 70000 what is tax on the above income is it not to claim u/s.80-c under the above circumentance
Kumar Babu.G
(Expert)
17 June 2011
On Long Term Capital Gains tax also we can claim 80C deduction.
17 June 2011
With Due Respect to Experts ,
deduction u/s 80c is not allowed against LTCG u/s112, STCG u/s 111A .
Regards
Ankit Gulgulia
deduction u/s 80c is not allowed against LTCG u/s112, STCG u/s 111A .
Regards
Ankit Gulgulia
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