LTCG U/S 112((a)

LTCG U/S 112(a) after setting off LTC LOSS IS BELOW 1,00,000 is it FULLY EXEMPTED
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Quick Summary
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).

Yes it is fully exempt but while computation of tax liability. i.e. After GTI
Fully exempted

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