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setting off LTCG
if an assessee has a LTCG of RS.8Lacs....can I show -6lacs under the head IFOS(interest paid to unsecured loans) so that LTCG reduces to Rs.2lacs
Replies (2)
A big no. deductions for capital gains are the following:
1. COA or ICOA
2. COI or ICOI
3. Expenses directly attributable and incurred wholly for transfer.
1. COA or ICOA
2. COI or ICOI
3. Expenses directly attributable and incurred wholly for transfer.
after considering all the above.....assessee is getting LTCG of RS.8lakhs
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