Short term capital gain
This query is : Resolved
14 July 2013
Can short term capital gain arise from sell of Land/ Building, etc. set off from Short of term Capital loss which arise from sell-purchase of Shares
14 July 2013
i) If the loss and gain is in the same assessment year, set off is possible under section 70(2).
ii) If the loss is carried forward 'short term loss', then also set off is possible vide section 74(1)(a).
ii) If the loss is carried forward 'short term loss', then also set off is possible vide section 74(1)(a).
14 July 2013
thank u sir
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
- Supply through E-commerce Operators
- Relief u/s Section 89
- Rent lease agreement
- REGARDING GST LIABILITY/....
- Tax liability on income of freelancer
- Merchant Export Accounting
- REGARDING SECTION 44AE
- E way bill for tractors
- SGST balance is there in credit ledger how to adjust for cgst
- GST Registration Horse racing
- Sales return eway bill
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
