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STCG & LT

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Querist : Anonymous

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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
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Anil Kumar Meena

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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
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
09 September 2010 LTC loss cannot be set off against STCG.

Hence tax payable on STCG of Rs. 20,000/-
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