If I Purchase 2 Shares @ Rs.50/- each & sell @ Rs. 75/- & Rs. 45/- so what is my tax liability?
The profit of STCG can set off aginst loss from similer income?
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Short Term Capital Gain
Replies (11)
yes the profit from STCg can be adjusted with other STCG loss but not LTCG loss...
75-50= 25 STCG
45-50= -5 STCL
net STCG = 25-5 = 20
STCL can be adjusted against STCG
| Originally posted by : U S Sharma | ||
 |
75-50= 25 STCG 45-50= -5 STCL net STCG = 25-5 = 20 STCL can be adjusted against STCG |
 |
| Originally posted by : U S Sharma | ||
|
|
75-50= 25 STCG 45-50= -5 STCL net STCG = 25-5 = 20 STCL can be adjusted against STCG |
|
hi chinmay
75-50= 25 STCG
45-50= -5 STCL
net STCG = 25-5 = 20
STCL can be adjusted against STCG
mr us sharma is right on his point
| Originally posted by : U S Sharma | ||
|
|
75-50= 25 STCG 45-50= -5 STCL net STCG = 25-5 = 20 STCL can be adjusted against STCG |
|
agree
can be set off against LTCG TOO.(BOTH long term & Short term capital gain)
| Originally posted by : Priya . | ||
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can be set off against LTCG TOO.(BOTH long term & Short term capital gain) |
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as ltcg is zero rated u/s 10 (38) it would be only book entry , no real benefit for adjustment.
| Originally posted by : U S Sharma | ||
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75-50= 25 STCG 45-50= -5 STCL net STCG = 25-5 = 20 STCL can be adjusted against STCG |
|
Thanks everyone but there is one more query.......
Can I carry forword thos Rs.20/- loss upto 8 years as per u/s 72......
| Originally posted by : Chinmay | ||
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Thanks everyone but there is one more query....... Can I carry forword thos Rs.20/- loss upto 8 years as per u/s 72...... |
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if u have no STCG in the year to adjust the STCL then u can carry forward, and adjust the same when STCG available for adjustment, but if STCG is available then u can not carry forward.
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