March 2020

In summary, such a capital loss cannot be attributed to any other head of income such as wages, real estate, business income, etc.By Chirag NangiaI have lost a lot of money in the markets since January. Can I offset the loss with gains on…

Can short-term capital gain (STCG) be offset by long-term capital loss (LTCL)? I have STCG from ??1.10 lakh and LTCL of ??71,000 from equity transactions during the 2019-20 fiscal year (FY). What will my tax debt be?…

Who is likely to be affected Large companies that pay corporate tax and have capital losses carried forward. General description of the measure For accounting periods ending on or after April 1, 2020, companies realizing taxable gains…

Q: I am single with gross income of approximately $ 7,000 and dividend income of $ 56. I inherited a stock from my grandfather that was sold in 2019 and using the value on the date of his death I had a capital loss of $ 3,147.…