set off

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Studant
169 Points Joined June 2010
can we set off STCL against LTCG ( tax free income ) thanks in advance
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On 23 March 2011 at 11:40 Report
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Learner
3134 Points Joined September 2009

yes STCL can be set off with any capital gain...

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On 23 March 2011 at 11:41
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IPCC Student CWA Inter & Processing off
492 Points Joined October 2010

It can be set off with LTCG But LTCL can not be set off with STCG

Regards

R Shriram

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On 23 March 2011 at 11:43
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article
122 Points Joined January 2010

Hi Angad,

you can set off STCL with LTCG but you cant set off LTCL with STCG...

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On 23 March 2011 at 11:49
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Studant
169 Points Joined June 2010
but it is ( LTCG IS TAX FREE INCOME )
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On 23 March 2011 at 11:51
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CA in Service
1144 Points Joined February 2010

If LTCG is the nature of tax free income, then we cannot take set off STCL from it.

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On 23 March 2011 at 11:52
Guest

if the LTCG is tax free income , then we cannot set-off by virtue of section 14A....

<< corrections & suggestions welcome >>

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On 23 March 2011 at 13:14


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