LTCG & STCG

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deductions u/s Chapter VI-A applicable on LTCG & STCG incomes?
Replies (7)

NO            

Adjustment of STCG against the basic exemption limit 
A Resident individual and resident HUF can adjust the exemption limit against STCG covered under section 111A.
Deductions under section 80C to 80U and STCG No deduction under sections 80C to 80U is allowed on short-term capital gains referred to in section 111A. However, such deductions can be claimed from STCG other than covered under section 111A.
 

basic exemption limit is applicable on ltcg?

YES          

however you can claim under 54 and 54e if you satisfy the said conditions in that section....
if sales price of a property is less than market value or stamp value then which value will be taken for tax computation?

Circle rate as per stamp act.

stamp value or sale value whichever is higher....

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