Long Term Loss on Sale of Shares
This query is : Resolved
06 July 2009
I have long term loss on sale of shares and STT is paid thereon.
Can I set-off the loss against any other long term capital gain?
Can I set-off the loss against any other long term capital gain?
06 July 2009
LTCL can be set off against LTCG only for a period of 8 years. So, yes u can set-off the loss against any other long term capital gain.
07 July 2009
No.
You cannot claim such loss.
Mr.Saurabh's answer needs re-consideration.
You cannot claim such loss.
Mr.Saurabh's answer needs re-consideration.
07 July 2009
Seems Mr.Nitin's answer is correct.
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
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Rental income of jointly held property
- FEMA regulation Act. for inward remitance
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
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
