Register Daily Newsletters My Bookmarks My Queries (D. Forum) My Replies (D. Forum) My Articles My Inbox (PM) Feedback/ Suggestions
Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding

   For Sales / Support:
WhatsApp WhatsApp 9911796707
Case Laws Acts Notifications Circulars Classification Forms Manuals Articles News D. Forum Highlights Notes
TMI - e-Newsletter     TaxTMI    GST Notifications on COVID-19 Deadline Extensions...     TaxTMI    Gold and Silver Import Regulations Updated: 13...     TaxTMI    Government Clarifies Tax Treatment for Co-Insurance...     TaxTMI    Procedural Flaws Invalidate GST Tax Order, Restore...     TaxTMI    GST Registration Cancellation Upheld: Failure to...     TaxTMI    Contractual Delay Penalties Upheld: Liquidated...     TaxTMI    Tax Liability After Death: Section 93 Requires...     TaxTMI    Late Fee Clarification for GSTR-9C: Mandatory...     TaxTMI    Govt Amends PMLA to Empower Indian Cyber Crime...     TaxTMI    Tax Exemption for Mysore Palace Board Under Section...     TaxTMI    Travelers Can Carry Limited Agarwood Products...     TaxTMI    Interim Relief Granted: Tax Notifications...     TaxTMI    Legal Proceedings Against Deceased Person...     TaxTMI    Legal Challenge Succeeds: GST Seizure Invalidated...     TaxTMI    Ex Parte Tax Assessment Invalidated: Procedural...     TaxTMI    Latest Case-Laws     TaxTMI    Latest Notifications + Circulars     TaxTMI    GST Council Decisions     TaxTMI       Right Stop
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Income Tax - Highlights / Catch Notes

Home Highlights April 2016 Year 2016 This

STCL on STT paid transactions to be set off against the STCG on ...


Court Allows Offsetting Short-Term Capital Losses on STT Paid Transactions Against Gains from Non-STT Transactions.

April 20, 2016

Case Laws     Income Tax     AT

STCL on STT paid transactions to be set off against the STCG on non-STT paid transactions allowed - AT

View Source

 

← Previous Next →

 

You may also like:

  1. ITAT ruled on long-term capital gains from unlisted shares under India-Mauritius DTAA, specifically addressing loss carry-forward without offsetting against capital...

  2. Short Term Capital Loss (on which STT was paid) set off against the Short Term Capital Gain (on which STT is not paid) - Section 70(2) of the Act does not make any...

  3. ITAT adjudicated a dispute regarding capital gains taxation, specifically addressing the set-off of non-grandfathered short-term and long-term capital losses against...

  4. Setting off the long term capital loss arising on sale of shares not subject to STT against long term capital gain arising from sale of Shares subjected to STT exempt...

  5. Denial of carry forward of long term capital loss - When the he taxed the difference in amount under short term capital gain and also disallowed short term capital loss...

  6. The ITAT Mumbai addressed errors in capital gain computation. The Assessee's claim of ₹ 859,680 was accepted over the AO's ₹ 791,221. An application u/s 154...

  7. Set off the business losses against the capital gains u/s 71 - The assessee in the return of income did not set off the business loss against the short term capital gain....

  8. Portfolio Management Services (PMS) fees paid is eligible for deduction while computing Short Term Capital Gain

  9. Non setting off the short term capital gain against long term capital loss brought forward - There is merit in the contentions of the appellant that prior to amendment...

  10. Disallowance of set off of Loss - sale of equity shares (STT) - short-term capital gains (STCG) on sale of derivatives and short-term capital loss (STCL) - The Tribunal...

  11. The assessee, a Foreign Portfolio Investor registered in India, entered into Forward Foreign Exchange Contracts (FCC) with HDFC Bank to safeguard against foreign...

  12. Set off of brought forward business loss and brought forward long term capital loss - capital gains computed u/s 50 is be deemed to be short-term capital gains and this...

  13. ITAT adjudicated a dispute regarding capital gains taxation for property sale. The tribunal found the Assessing Officer's (AO) determination of short-term capital gains...

  14. Regarding long-term capital gain determination, indexed cost of acquisition claimed by assessee at Rs. 45 lakhs for property valued over Rs. 45 lakhs, evidenced by...

  15. Taxation of capital gains proposed to be rationalized and simplified. Holding periods reduced to two categories: 12 months for listed securities, 24 months for other...

 

Quick Updates:Latest Updates

What's New:
    Latest Case Laws
What's New:
    Latest Notifications
What's New:
    Latest Circulars
T: Tax Bill 2025 Imposes Flat 20% Rate on Non-Resident Sportsmen, Enterta...
T: Tax Crackdown on Lottery and Gambling Winnings: 30% Flat Rate Under Ne...
F: Missed GST Input Tax Credit Deadline Leaves Business Liable for Rs. 4....
T: New Manufacturing Cooperative Societies Gain 15% Tax Concession Under ...
F: Navigating Corporate Tax Account Surrender: Key Steps for Companies to...
F: Merger Triggers Complex Tax Appeal Withdrawal and PAN/TAN Surrender Pr...
F: Taxpayer Seeks IGST Refund After Excess Payment Adjustment, Challengin...
F: Free Replacement of Defective Exported Goods: Navigating Customs, GST,...
T: Cooperative Societies Get Simplified 22% Tax Rate, Forgoing Deductions...
T: Proposed Income Tax Bill 2025 Introduces Simplified Tax Structure with...
T: New Manufacturing Tax Regime Offers 15% Rate for Companies Incorporate...
A: Comprehensive Guide to GST Appeal Filing: Procedural Steps, Verificati...
A: Small Business Tax Strategy: Maximize Deductions Under Income Tax Act ...
A: One-Person Companies Must Submit Annual Returns via MGT-7 and AOC-4 to...
A: Cannabis Seized: Strict Interpretation of 'Ganja' Excludes Seeds and L...
A: Trademark Ownership Transfer in India: Comprehensive Documentation and...
A: Trademark Ownership Transfer: Navigating Complete, Partial, and Goodwi...
A: Digital Revolution Challenges: Empowering India's MSMEs Through Strate...
A: Parts and Components Classification: Navigating Customs Tariff Complex...
A: Musical Performance Rights: Navigating Copyright Complexities in India...
A: Nano Drug Innovations Navigate Complex Patent Landscape, Balancing Sci...
A: Exporters Must Realize and Repatriate Full Export Proceeds within 9-15...
A: Patent Rights Unveiled: Novel Inventions, 20-Year Protection, and Bala...
A: Patent Registration in India: Navigating Prior Art Search, Application...
H: GST Demand Notice Upheld: Petitioner's Delayed Challenge Rejected Due ...
H: GST Show Cause Notice Resolved: Petitioner Granted 15-Day Window to Re...
H: Judicial Review Invalidates Goods Detention Order Due to Procedural In...
H: GST Demand Upheld: Appellant's Challenge Rejected Due to Procedural La...
H: GST Registration Cancellation Order Overturned: Procedural Flaws and L...
H: Legal Challenge Fails: Tax Assessment Order Upheld After Comprehensive...