Tax on sale of long term capital gain/loss
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 September 2015
Hello, CA Club member I am a Salaried Individual. I too have an Investment in Equity Market. I want to know the Impact of Tax on Sale of Long Term Capital Gain of Rs.82,500/- and Log Term Capital Loss of Rs.15,000/-. My Gross Salary is Rs. 3,25,000/- pa. What would be impact of Income Tax on above.
12 September 2015
Long term capital gain on listed shares is exempted, hence long term capital loss can't be adjusted against any income.
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