STCG & LT
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 September 2010
if I got STCG of Rs. 20000/- and LT Loss of Rs. 10000/- then on which amount the tax will be count
Anil Kumar Meena
(Expert)
09 September 2010
Hi Author,
LT loss cannot be setoff against STCG,thats why it should be carried forward to next year for setting off with coming year Lt GAIN.
STCS of Rs20,000/- liable for tax..
Thanks,
Anil
LT loss cannot be setoff against STCG,thats why it should be carried forward to next year for setting off with coming year Lt GAIN.
STCS of Rs20,000/- liable for tax..
Thanks,
Anil
Aditya Maheshwari
(Expert)
09 September 2010
LTC loss cannot be set off against STCG.
Hence tax payable on STCG of Rs. 20,000/-
Hence tax payable on STCG of Rs. 20,000/-
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