Disallowance of set off and carry forward of Long Term Capital ...

Income Tax

December 24, 2019

Disallowance of set off and carry forward of Long Term Capital Loss of sale of quoted equity shares (STT paid) against LTCG arising on sale of property - the income contemplated u/s 10(38) was only a part of the source of capital gains on shares and only a limited portion of source was treated as exempt and not the entire capital gains. - carry forward allowed.

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Disallowance of set off and carry forward of Long Term Capital ...

Income Tax

December 24, 2019

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