hi,
if i have long term capital loss (off market) , what can i set it off against?
1) short term gain (stt paid) ? or
2) short term gain ( off market)?
If none of above then whats the best way to utilize this loss?
if i carry it forward to next year then can i set off against anything in next year?
| Originally posted by : Vinit | ||
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LTCG can not be set off against STCT or with any other heads income . It can only be set off against LTCG. you can carry forward it and can adjust it with LTCG in subsequent year,s. |
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agreed
| Originally posted by : Vinit | ||
|
|
LTCG can not be set off against STCT or with any other heads income . It can only be set off against LTCG. you can carry forward it and can adjust it with LTCG in subsequent year,s. |
|
agreed.........and also u can adjust it upto 8 years
What every investor needs to know about Capital Gains Account Scheme?
The Query
Mr Chaudhury has just sold his old ancestral house for a lump sum consideration of Rs.20,00,000. He has now set his eyes on a new apartment which is due for possession within the next two years. Mr. Chaudhury is in a dilemma, he is aware that the amount he has received is a Capital Gain in his hands and is liable to tax. His intention is to use this fund towards paying for his new abode. What are his options?
https://holisticinvestment.in/blog/what-every-investor-needs-to-know-about-capital-gains-account-scheme/
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Ramalingam,
Director,Chief Financial Planner.
HOLISTIC INVESTMENT PLANNERS PRIVATE LTD
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