Mr. X purchases 1000 unlisted equity shares of Rs 10 each in A Ltd on 10-05-19 at Rs, 60/-.on 10-05-19
On 20-10-19, he transfer 800 equity shares at Rs. 30/- each and remaining 200 shares are transferred on 20-12-19 at Rs 20/- each. A Ltd declares 50 % dividend ( Record date 03-08-19 ). Also, during the previous year 19-20 , X has also earned LTCG of Rs. 96,000/- on sale of capital asset. Compute the amount of short term capital loss on sale of shares in Question that can be set off from the LTCG of Rs. 96,000/-
(a) 28,000/-
(b) 32,000/-
(c) 27,000/-
(d) 8,000/-
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