Show equity ltcg in exempt income or setoff against stcg

542 views 1 replies

Dear friends,

I have query regarding showing equity LTCG on which STT is paid. In current assessment year , I have  both equity LTCG and STCG. on LTGC, as, usual , STT is already paid. Should I setoff these STCG against LTCG in ITR or show LTCG as exempt income?

 

with many advance thanks,

Amit

 

Replies (1)

First of all it is not cleared whether u hav incurred STCL or LTCL.

1. If it is assumed that there is LTCG & STCL.

Now any LTCG on equity shares on which STT is paid will be exempted & any loss cannot be setoff from any exempted income, therefore u cannot setoff any loss from LTCG.

so you shall show the LTCG exempted income seperately in ITR.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details