LTCG EXEMPTION WITH LONG TERM CAPITAL LOSS
This query is : Resolved
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.
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.
25 October 2022
LTCG 2lakh minus 2 lakh Brought forward loss(you can't take exemption benefits)
26 October 2022
I Apologise. Sir, can you please quote section where i can find that.
26 October 2022
Fill ITR see how it's adjusted.
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