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LTCG EXEMPTION WITH LONG TERM CAPITAL LOSS

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(Querist)
25 October 2022 Dear Learned,

Greetings!!!!!


Suppose I have Long Term Capital loss of Rs 2 lakh in Previous Year which is available for set of in current year LTCG.
And If Current LTCG is Rs 2 lakh.

Please guide me in computing Income From Capital Gain----

Case one 2 lakh LTCG to be adjusted with exemption of Rs 1 lakh and remaining 1 lakh to be adjusted with Brought Farward Loss.


Or

LTCG 2lakh minus 2 lakh Brought forward loss (we can't take exemption benefits)


Please guide.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
25 October 2022 LTCG 2lakh minus 2 lakh Brought forward loss(you can't take exemption benefits)
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jay prakash dubey

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jay prakash dubey (Querist)
26 October 2022 I Apologise. Sir, can you please quote section where i can find that.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
26 October 2022 Fill ITR see how it's adjusted.
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