80G

Direct Taxation

Why aren't we deducting short term capital gain from gross total income to calculate qualifying limit under 80G?

Mayilvizhi Maan

CA Inter

★ 6K+

18-Aug-21 20:42

636

Answers (4)

Short term capital gain taxable under 111A only to be reduced to calculate qualifying limit

Yoga Vishnu

CA Final

★ 11K+

19-Aug-21 10:36

Yoga Vishnu

Short term capital gain taxable under 111A only to be reduced to calculate qualifying limit

Can we make an assumption that given STCG is taxable under 111A and reduce it to calculate qualifying limit?

Thread Starter

Mayilvizhi Maan

CA Inter

★ 6K+

20-Aug-21 11:58

Thread Starter

Mayilvizhi Maan

Can we make an assumption that given STCG is taxable under 111A and reduce it to calculate qualifying limit?

Yes. We can make suitable assumptions

Yoga Vishnu

CA Final

★ 11K+

20-Aug-21 11:59

Yoga Vishnu

Yes. We can make suitable assumptions

Thank you!

Thread Starter

Mayilvizhi Maan

CA Inter

★ 6K+

20-Aug-21 12:00

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