Brought forward loss of LTCG (STTpaid) can be adjusted against current year's non-STT paid LTCG. Is there any recent judgements.
Menu
Ltcg
Replies (1)
Hello Rupam,
Long Term Capital Loss which are subjected to STT are dead loss i.e. they are neither eligible for set off against any other Income u/s 70 nor they can be carried forward and set off u/s74. Such losses have no tax treatment.
Recent Topic
- Please share the roc and income tax compliance fo
- Proprietor have 2 business. One is registered unde
- ITR-4 – Gross Receipts or Turnover for Secti
- Unrelated entries in AIS and Form 26as
- Payment to foreign national
- Internal reconstuction
- IDS Refund – Annexure B & GSTR-3B Match,
- Can i should STCG and LTCG as business income ?
- Capital contribution in Firm
- Form 3CD – Clause 20(b) | ESI Contribution &
Related Topics
CAclubindia
