Capital Gains Adjustment of Basic Exemption Limit Against Shortterm Capital Gain

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The Tax Publishers Capital Gains--Adjustment of Basic Exemption Limit Against Short-term Capital Gain Query Can the maximum non taxable limit under Income Tax Act for assessment year 2024-25 i.e., Rs. 3,00,000 be set off/adjusted against short term capital Gain on transfer of listed securities (STT paid) after adjusting it against sum of other income. SUBSCRIBE FOR FULL CONTENT OR Try Reload the Page

The Tax Publishers

Capital Gains--Adjustment of Basic Exemption Limit Against Short-term Capital Gain

Query

Can the maximum non taxable limit under Income Tax Act for assessment year 2024-25 i.e., Rs. 3,00,000 be set off/adjusted against short term capital Gain on transfer of listed securities (STT paid) after adjusting it against sum of other income.

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SUBSCRIBE FOR FULL CONTENT

OR Try Reload the Page