54f ltcg ltcl
Vikash (G) (393 Points)
12 July 2024
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193865 Points)
Replied 12 July 2024
Vikash
(G)
(393 Points)
Replied 12 July 2024
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193865 Points)
Replied 12 July 2024
Srinivasarao Pinnam
(4 Points)
Replied 05 February 2025
LTCG 27.5L
STCG 7.8L
Sale value wrt LTCG 88.9L.
invested 48L for buying house
Question:
Can we deduct STCG 7.8L for tax calculation?
Can we offset LTCL carried forward from this LTCG?
what is the tax payable?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193865 Points)
Replied 06 February 2025
Srinivasarao Pinnam
(4 Points)
Replied 06 February 2025
STCL is 7.8 L, not STCG.
after computing prorated exemption of LTCG, LTCL and STCL are allowed to be offset to find the tax payable, is it not?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193865 Points)
Replied 06 February 2025
It will get deducted from LTCG first...
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)