Presentation of Long Term Capital Loss in ITR
This query is : Resolved
17 June 2009
As we show Long term capital gains exempted u/s 10(38) in schedule "Exempt Income" in ITR.
How do we show Long term Capital Loss for which STT is paid???
How do we show Long term Capital Loss for which STT is paid???
18 June 2009
There is no requirement to show LTC loss in ITR. As gain is not taxable the loss is also not allowed to be set off or be carried forward. So no need to show any loss in ITR.
18 June 2009
thanks....
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