Set off and carry forward of capital loss

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..... Whether any capital loss on the transactions not covered under section 10(38) or section 111A is required to be set off against income on transactions covered under section 10(38) , to determine .....

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..... the carry forward loss to be yet off in future as per the provisions of Income Tax Act - Reply By Mukesh Kumar - The Reply = Provisions of Section 74 read with section 70(2) of the Income Tax .....

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..... are being looked into so address the your query. As per my understanding the loss incurred on a capital assets which is not eligible for exemption under section 10 or otherwise, there is no provision .....

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..... to set off such loss with the income which is exempt from the tax under section 10 since it is not forming part of taxable income or gross total income. - Set off and carry forward of capital loss - .....

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..... Query Started By: - anil kalia Dated:- 31-5-2009 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxma .....

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..... nagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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