Tax alert: Tax treaty benefit on short-term capital gains, carry forward of long-term capital loss, available at same time has been saved
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Tax alert: Tax treaty benefit on short-term capital gains, carry forward of long-term capital loss, available at same time
19 December 2023
The Mumbai Bench of the Income-tax Appellate Tribunal has held that the taxpayer is entitled to claim beneficial provisions of the India-Mauritius tax treaty in respect of short-term capital gain and allowed to carry forward long-term capital loss, as per section 74 of the Income-tax Act, 1961.
