Stcg & LTCG
This query is : Resolved
27 October 2009
Hello everyone. Please help me with this. During the Financial year 2008-09, i sold some physical ( unlisted ) shares and have accrued Long Term Capital Gain of Rs. 100000 ( after indexation). I invested the entire money in stock market, and ended up making a Short term capital Loss of Rs. 80000. Does this mean that I have to effectively pay tax only on 100000-80000 = 20000 X 22%?
Please help me.
Please help me.
27 November 2009
yes STC Loss on listed listed shares can be set off against LTCG on sale of unlisted shares
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