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Long Term Capital Gain Set Off

Others 231 views 3 replies
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
agree with Mr. saurabh


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