TMI BlogCapital gain from sale of commercial property - intra-head adjustment of loss - Benefit of carry forward...Capital gain from sale of commercial property - intra-head adjustment of loss - Benefit of carry forward of long term capital loss on the sale of shares for the current year - if, after work out of deduction u/s 54F if the capital gain arose on sale of certain assets is not chargeable to capital gain than the loss arose to assessee on sales of another assets cannot set off from gain of such assets. It is not necessary that one should first apply Section 70(3) and thereafter only, the assessee could invest the capital gain arising from the long term capital asset. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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