Long term capital loss u/s 10(38)
This query is : Resolved
ashutosh pandey
(Querist)
02 April 2015
if there is a long term capital loss on listed equity shares on which STT was paid & transacted through recg stock exchange in India .would that loss can be set off against income as ltcg was exempt if in case there is gain
CA Mohit Bansal
(Expert)
02 April 2015
No loss against exempt income is not allowed for set off
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