STT and long term capital loss

CHAITRI SUDHAKARBHAI KHAROD (ARTICLE) (726 Points)

12 October 2021

whether after setting off long term capital loss against long-term gain, STT is paid or not???

Reply
Follow
Share

5 Replies

veerendar singh (tax consultant) (2830 Points)
Replied 13 October 2021

Sorry your querry is not clear

Sourav (Student) (23943 Points)
Replied 13 October 2021

Please elaborate in details

CHAITRI SUDHAKARBHAI KHAROD (ARTICLE) (726 Points)
Replied 13 October 2021

Suppose , I have capital gain of rs 200000 after sale of equity shares...in previous year, I have capital loss of 40000 rs...as per section 112A, I have to pay 10% STT on purchase and sale of equity shares having ltcg exceeds 100000/- ...

my question is whether I have to pay STT before setting off LTCL or after setting off LTCL...??