Long-term capital loss can be set off only against LTCGParizad Sirwalla
As per the provisions of the Income-tax Act, 1961 the Loss incurred on sale/transfer of Immovable property (and other capital assets) can be set-off as follows: Type of Capital Loss Income which can be Set-off 1. Capital Loss -Short Term -Long Term Against any Long term Capital Gain...
5% Off on Professional Courses And Much More! Subscribe Now CAPITAL LOSS Loss under this will be carry forward up to 8 assessment year, if the loss is under long term capital then it can be only adjusted against long term capital gains. Short term capital loss can be adjusted against lon...
But, Non-speculative business loss can be set off against Income from Speculative Business. Long Term Capital Losses cannot be set off against Short Term Capital Gain. However, Short Term Capital Loss can be set off against Long Term Capital Gain. No loss can be set off against income from...
1. Loss from speculation business. 2. Long term capital loss w.e.f AY 2004. 3. Loss from specified business. 4. Loss from activity of owning and maintaining race horses. 5. No loss can be set off against gains from winning from lotteries, crosswords, puzzles, card games or other gambl...
People entering second marriages may set up trust funds to protect property for the children of their first marriages. People who want to contribute to the causes of their choice can set up trusts to manage the money for the long-term. ...
"When the Fed bought bonds it helped bring long-term rates lower, drive the stock market and home prices higher, and gave a boost to economic growth. As the Fed downsizes their portfolio, we risk the opposite on each of those fronts – higher rates, a sharp stock market ...
The final 20% should be allocated to long-term savings like retirement savings, and to pay off debt. When you’re new to creating a budget, the 50-30-20 rule is a simple budget template that can help you stay organized. Some people manage personal finance on a weekly budget, while ...
The wordtrustis an umbrella term used to signify a variety of structures—each with its own specific procedures, regulations, and tax considerations. But fundamentally speaking, a trust is a private legal arrangement in which the ownership of one’s assets—such as stocks, bonds, cash,real esta...
The government of New Zealand has never defaulted on its debt and it has never paid interest or capital redemptions late. This is one of the reasons that the country has a very good long-term credit rating. The assessments of the three major credit ratingagencies areshown in the table belo...