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Direct Taxation
Unutilized basic exemption limit is first used against LTCG OR STCG?
Harshitha Kalidindi
CA Inter
★ 45K+
25-Jan-23 05:57
193
Answers (4)
Best Answer
Act has not stated any preference for utilisation of B.E.L , but in order to save Tax , LTCG u/s 112 shall be adjusted first than STCG u/s 111A
Varun Mulay
★ 38K+
25-Jan-23 08:06
THANK U
Thread Starter
25-Jan-23 09:04
You should use the best tax saving option.
CA Suraj Lakhotia
Admin
25-Jan-23 09:22
CA Suraj Lakhotia Admin
That would be first against LTCG 112, STCG 111A , LTCG 112A order right
25-Jan-23 16:59