https://www.taxtmi.com/forum/issue?id=112735 A taxpayer sold a residential site producing Long Term Capital Gain and reinvested part of the gain in REC capital gain bonds, seeking confirmation that the investment will secure the claimed tax benefit. The taxpayer also reports Futures & Options losses treated as business losses and asks whether those F&O losses can be set off against the remaining capital gain from the property sale, noting possible audit implications. en-us Fri, 01 Sep 2017 00:31:19 +0530 Thu, 23 Jan 2025 15:55:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=112735 A taxpayer sold a residential site producing Long Term Capital Gain and reinvested part of the gain in REC capital gain bonds, seeking confirmation that the investment will secure the claimed tax benefit. The taxpayer also reports Futures & Options losses treated as business losses and asks whether those F&O losses can be set off against the remaining capital gain from the property sale, noting possible audit implications. Discussion-Forum Income Tax Fri, 01 Sep 2017 00:31:19 +0530 https://www.taxtmi.com/forum/issue?id=112735