LTCG U/S 112((a)

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673 Points Posted on 18 October 2020
LTCG U/S 112(a) after setting off LTC LOSS IS BELOW 1,00,000 is it FULLY EXEMPTED
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On 18 October 2020 at 08:49 Report
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This discussion clarifies the tax treatment of Long Term Capital Gains (LTCG) under Section 112(a) of the Indian Income Tax Act. It confirms that if a Long Term Capital Loss (LTCL) is below £100,000, it is indeed fully exempted when calculating your overall tax liability after considering Gross Total Income (GTI).

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220 Points Posted on 18 October 2020
Yes it is fully exempt but while computation of tax liability. i.e. After GTI
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On 18 October 2020 at 09:26
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5895 Points Posted on 18 October 2020
Fully exempted
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On 18 October 2020 at 12:32

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