We have capital loss in sale of Unlitsed shares after indexing. My querry is this loss can be settle against long term capital gain on sale of property. Please guide
Menu
Capital gain on unlisted shares
Replies (4)
if the loss is long term then it can be set off with long term capital gain
Thank you for reply. Can you guide me where it is mentioned or any notifications.
refer setoff carry forward chapter
Yes you can set off this loss against long term capital gain whether it is short term loss or long term loss
Recent Threads
- Exemption from Penalty for delayed Board meeting
- TDS ON PROFESSIONAL FEES IN NON AUDIT CASE
- Penalty are applicable on short payment of GST
- Closing Stock111
- INVOCIE GENERATED FROM ONE COMPANY AND EWAY BILL G
- Ineligible itc under section 16(4) & itc restr
- Itc on when mixed sales percent in hospitality
- Apply for GST registration while working in MNC
- Deferment period for Advance Tax under Section 234
- Permanant transfer of duty free goods by Advance A
Related Threads
CAclubindia
