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CAN LONG TERM CAPITAL GAIN ON SALE OF JEWELLARY SET OFF AGAINST SHORT TERM CAPITAL LOSS U/S 111A
Yes set off is allowed.
Set off of LTCL is allowed against only LTCG by virtue of section 70 and 74. Whether in same assessment year or other assessment years.
But STCL can be set off against any capital gains whether STCG or LTCG. By virtue of section 70 and 74 , the set off will be allowed.
it can be set off against ltcg
it can be sett off against ltcg
LTCG can set off only against LTCG... and cannot set off against STCG
STCL can be set-off against LTCG & STCG. But LTCL can be set-off only against LTCG
yes , can be set off
agreed with dimple
Yes it can be set off with LTCG
Section 111A only talks about special income tax rate
not allowed
LTCL only set off with LTCG
it can be set of friends
Yes, STCL can be set off against any capital gains whether STCG or LTCG.
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