LTCG is 200000 and LTCL is 300000. Shall I show 200000 as exempted income and 300000 as carry forward loss? or shall I show the net loss
100000 as carry forward loss?
I think exempted income cannot be set-off, right or wrong? Please clarify.
Even if you sett off with LTCG........ but net loss over equity shares of 1 lakhs is 'Dead loss' which cannot be carried forward.
CAclubindia
