Home Top News and Stories Business News Headlines Your Queries (Income Tax): Long-term capital loss on NCD can be set off against long-term capital gain

Your Queries (Income Tax): Long-term capital loss on NCD can be set off against long-term capital gain

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Your Queries (Income Tax): Long-term capital loss on NCD can be set off against long-term capital gain

Capital gain or loss can only arise when there is a ‘transfer’ of capital asset. Fixed deposits made with an NBFC cannot be transferred for a consideration.

   

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