The longterm capital gain u/s 10(38) is exempt. But while showing it in the Income taxreturn, should we adjust the exempt LTCG with the long term capital loss fro mthe same source?
Menu
Capital gains
Replies (2)
No...you can not adjust loss against income on which Tax is not levied (Exempt).
Loss can not be set off against exempt income.. It can be c/f...
Recent Topics :
- Capital Gains Mismatch Due to Sale Agreement in FY
- REGARDING NRO INVESTMENT IN SHARES OF DOMESTIC COM
- DTAA benefits
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
- Query regarding exemption under Section 10(10AA) &
- NPO registered under sec 8 itr filing
Related Topics :
CAclubindia
