Eg. Short term capital loss on sale of shares = Rs. 50,00,000.
(purchased and sold within 3 months before and after record date)
Dividend received= Rs. 15,00,000
STCL allowed would be
40,00,000 or 35,00,000?
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Dividend Stripping u/s 94
Replies (4)
Rs. 35,00,000 will be the Short Term Capital Loss
Excess of Rs. 500000 will be taxed u/s 115bbda right?
Will that amt. also be disallowed for STCL?
Will that amt. also be disallowed for STCL?
If excess amount of Rs. 5,00,000 is being taxed u/s 115BBDA. Then the same amount cannot be disallowed u/s STCL and Rs. 40,00,000 to be allowed as STCL.
Okay! Thanks alot 😊
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