Suppose I have Long Term Capital loss of Rs 2 lakh in Previous Year which is available for set of in current year LTCG. And If Current LTCG is Rs 2 lakh.
Please guide me in computing Income From Capital Gain----
Case one 2 lakh LTCG to be adjusted with exemption of Rs 1 lakh and remaining 1 lakh to be adjusted with Brought Farward Loss.
Or
LTCG 2lakh minus 2 lakh Brought forward loss (we can't take exemption benefits)
CAclubindia
