Long term capital loss
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 July 2012
Dear all,
Kindly provide me the information regarding treatment of Loss arising from the Sale of Long term capital asset (equity shares) with relate to exemption u/s 10(38).
Kindly provide me the information regarding treatment of Loss arising from the Sale of Long term capital asset (equity shares) with relate to exemption u/s 10(38).
CA Navin Jain
(Expert)
16 July 2012
there is no treatment of the long trem loss arising from sale of the sahre since long term capital gain arising from sale of equity sahre is exempt.
Message likes :
1 times
CA ARIHANT JAIN
(Expert)
16 July 2012
LTCG ON LISTED SHARE ON TRADING OF THAT STT HAS BEEN CHARGED IS EXEMPTED U/S 10(38) THEREFORE LOSS IN THESE TYPES OF SHARES SHOULD BE IGNORED.
Message likes :
1 times
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
- EPF ECR NEW FILE SEP 17TH 2026
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- Capitalgain tax purposes for valuation report compulsory
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Under marginal scheme
- Non filing of I T Returns
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- GST on Renting godown to KFCSC for Storage of Raagi
- Import of Software Service.
- TDS on Fixed Assets purchased
- 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
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
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
