Capital Loss from Debenture Sale Must Offset Other Taxable Income u/s 71 of Income Tax Provisions.

Capital Loss from Debenture Sale Must Offset Other Taxable Income u/s 71 of Income Tax Provisions. https://www.taxtmi.com/highlights?id=40041 Loss on sale of debentures - assessee has sold a capital asset which has resulted in a capital loss thus as per the provisions of section 71 the loss suffered on the sale of capital asset has to be set off against the income chargeable to tax under other heads of income. en-us Thu, 21 Jun 2018 06:25:02 +0530 Thu, 21 Jun 2018 06:25:02 +0530 TaxTMI RSS Generator Capital Loss from Debenture Sale Must Offset Other Taxable Income u/s 71 of Income Tax Provisions. https://www.taxtmi.com/highlights?id=40041 Loss on sale of debentures - assessee has sold a capital asset which has resulted in a capital loss thus as per the provisions of section 71 the loss suffered on the sale of capital asset has to be set off against the income chargeable to tax under other heads of income. Highlights Income Tax Thu, 21 Jun 2018 06:25:02 +0530 https://www.taxtmi.com/highlights?id=40041