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Writing off unexhausted basic exemption limit.

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Venky Acholi

1 Points Posted on 08 June 2021

As we are aware the tax payers is provided the privilege of basic exemption limit.
in that era can the unexhausted basic exemption limit can be used to write off the capital gains?
if yes kindly mention the order of write off.
thanking you in anticipation

Replies (3)

Quick Summary

This discussion explores whether taxpayers can use their unused basic exemption limit to reduce capital gains tax. The consensus is yes, this is possible. Further clarification is sought on the specific order in which this exemption should be applied against capital gains.