Set off against long term capital gain (off market)

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

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/

With Regards,

Ramalingam,

Director,Chief Financial Planner.

HOLISTIC INVESTMENT PLANNERS PRIVATE LTD

“Best Performing Financial Advisor Award” Winners from CNBC TV18