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section 112A

Others 274 views 2 replies
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?
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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