Simple but confusing

A combined reading of Sec 80A and Sec 112(2) shows that LTCG is not a part of Gross Total Income for the purpose of Chapter VIA. 

As per Sec 80A  Deduction is to be made against gross total income.. which includes ur income from 5 head's  inclusive of capital gain. so i thnk deduction should be allowed against the LTCG

plz coorect my if wrrong..

ok fine,

So LTCG is not a real income and it will not form part of the GTA."Sec 80A and Sec 112(2)"

Thanks a lot Sowmya P K and U S Sharma.

Sharma sir explained practically with logic and Sowmya madam explained in legal terms ,

Thank you ........

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details