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Long Term Capital Gain Set Off
Can a normal long term capital loss set off against Long Term Capital Gain u/s 112a ??
Replies (3)
ya but under which section that's doubtful
C/F and Set off Losses under Capital Gains (Long Term & Short Term both):
Max. Allowed Period: Up toNext 8 A.Y.(excluding the A.Y. to which the loss pertains)
Possible Heads:
- Long-Term Capital Loss---only against-->Long Term Capital Gains.
-Short-Term Capital Loss---against-->Short Term&Long TermCapital Gains both.
FOR MORE & BETTER UNDERSTANDING PLZ READ NITESH BIND SIR PREVIOUS ARTICLE IN ARTICLE SECTION
Max. Allowed Period: Up toNext 8 A.Y.(excluding the A.Y. to which the loss pertains)
Possible Heads:
- Long-Term Capital Loss---only against-->Long Term Capital Gains.
-Short-Term Capital Loss---against-->Short Term&Long TermCapital Gains both.
FOR MORE & BETTER UNDERSTANDING PLZ READ NITESH BIND SIR PREVIOUS ARTICLE IN ARTICLE SECTION
agree with Mr. saurabh
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