if a person having LTCG, but his income is less than exemption limit, he can definetly claim the benefit of exemption limit. He should shift his LTCG towards his balancing exemption limit.
if there is LTCG along with STCG then first the LTCG is shifted and then STCG
rate of LTCG u/s 112(1) is 20%
if it is LTCG then indexation will certainly allowed. Indexation is not allowed only in following cases -
1. Slump Sale u/s 50B
2. Debentures and bonds except Capital Index Bond
3. in case of NRI's Sec.115A to 115D
Hence cost of acquition along with indexation is allowed to be deducted