Case Law Details
Case Name : Raptakos Brett & Co. Ltd. Vs DCIT (ITAT Mumbai)
Related Assessment Year :
Courts :
All ITAT ITAT Mumbai
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TS-326-ITAT-2015 (Mum), [2015] 58 taxmann.com 115 (Mumbai – Trib.)
Facts of the case and Question of law:
Assessee is a pharmaceutical company, engaged in manufacturing and sale of pharmaceuticals, formulations, dietetic specialties and animal husbandry. Assessee in its computation on income has shown;
Long Term Capital Loss on Sale of Equity Shares (STT paid)
Rs.57,32,835/-
Long Term Capital Loss on Sale of Mutual Funds (STT paid)
Rs.2,61,655/-
Long Term Capital Gain on Sale of Land at Chennai
Rs.94,12,00,000/-
Assessee has set off such long term capital loss on sale of e...
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Author Bio
Dear All,
How to do the data entry in current ITR’s ? As there is no specific provision to show such loss ? What will be rate under which data entry to be shown ? Whether 10% or 20% ? So many practical issues ?