WebAug 1, 2024 · The long term capital loss (LTCL) can be set off against the short term capital gain (STCG) arise on depreciable assets u/s 50 of income tax act, 1961 As per provisions of section 74 (1) (b) loss related to a long term capital gain can be set off against the long term capital gain. WebAug 1, 2024 · The long term capital loss (LTCL) can be set off against the short term capital gain (STCG) arise on depreciable assets u/s 50 of income tax act, 1961 As per …
Tax Talk: Know how to set off and carry forward capital …
WebKeep the following in mind: You must withdraw from a class formally. If you stop attending or don’t pay, you are still registered and will receive a letter grade. The length of the class … WebFeb 8, 2024 · The investor can set off Long Term Capital Loss against LTCG only. They can carry forward the remaining loss for 8 years and set off against LTCG only. FAQs How do I report income from sale of unlisted shares in the Income Tax Return? Can STT be paid on Unlisted Shares? Got Questions? Ask Away! Nireka 02/04/2024 Aditya_s: philippine conditional cash transfer cct act
NRI Corner: Capital Gains Tax for NRIs Personal Finance Plan
WebApr 6, 2024 · Short Term Capital Loss (STCL) can be set off against both Short Term Capital Gain (STCG) and Long Term Capital Gain (LTCG). The remaining loss can be carried forward for 8 years and set off against STCG and LTCG only. Long Term Capital Loss (LTCL) can be set off against Long Term Capital Gain (LTCG) only. WebMay 4, 2024 · Yes, you can set them off against the Short Term Capital Gains (or) Long Term Capital Gains that you might have made on other capital assets. These other capital assets are like Property, Gold, Debt … WebSTCL can be set-off against both LTCG and STCG. LTCL can be set off only against LTCL. Further, if the loss incurred cannot be set-off entirely against the income earned in the same year, it may then be carried forward to the subsequent year provided ROI has been filed within the prescribed time limit. philippine concrete and amakan house