Long Term Capital Gain on sell or redemption of shares or equity oriented units is exempt u/s 10(38). Whether Long term Capital Loss on such transaction will be allowed to be carried forward or not???
Plzzz.... Reply....
Long Term Capital Gain on sell or redemption of shares or equity oriented units is exempt u/s 10(38). Whether Long term Capital Loss on such transaction will be allowed to be carried forward or not???
Plzzz.... Reply....
no it will not be carried forward ..
Always remember when any income is exempt u/s10 then no loss or expenses for the same can be claimed. Thus when capital gain is exempt u/s10(38) then not loss for the same is allowed for carryforward.
no..... LTCloss on sale of shares cannot be carried forward as it is exempt from tax U/s 10(38)..
LTCG on sale of shares is exempt from tax as u rightly said...
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