1) In my case client is NR he has loss of 53000 as per date of 31-1-2018 and as per calculation considering base of actual date of acquisition there is profit of 41000 which value do I need to consider for income tax purpose from view point of sec 112A.
2) if loss we consider loss can I offset loss against LTCG other than gain on shares?
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section 112A
Replies (2)
1. Based on the data available, there is no loss based on figures of least of rate as on 31.01.2018 & sale date.
2. The is neither loss, and no profits due to grandfathering.
can u further elaborate that?
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