TaxTMI 
TaxTMI 
Allowability of c/f / set-off loss u/s 10 (38) / 10 (34)
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....llowability of c/f / set-off loss u/s 10 (38) / 10 (34)<br> Query (Issue) Started By: - MAHESH MATHUR Dated:- 19-1-2011 Last Reply Date:- 21-7-2011 Income Tax<br>Got 1 Reply<br>Income Tax<br>I had rea....
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....d an intresting article from one of TMI members on Allowability of loss u/s 10 (38) quite some time back almost one & half year back. In the article, it was mentioned that the loss u/s 10 (38) could b....
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....e c/f/ set-off. In the same article a judgement of the Supreme Court (not sure on the authority), involving loss on sale of UTI units was mentioned (u/s 10 (34)). The authority had ruled in the fav....
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....our of the assessee. One of the grounds was that the intention of the government was not to burden the assessee by introducing such a provision. Unfortunately, i cannot locate that article nor the ca....
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....se in my records or the website. I would be very thankful if anyone can provide me with that case Citation or the article. Reply By Rama Krishana: The Reply: Hello, do you need this one: For brain ....
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....storming: - Provisions Section 10(38) - vis a vis LTC loss with STT. Such loss can be set off against taxable LTC Gains and carried forward for such set off in future.<br> Discussion Forum - Knowledge....
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.... Sharing ....