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Capital gain (help plz it's urgent)
A asset is acquired by govt and I have long term capital loss of rupee 100000 under it
Nd 5 years after compensation is enhanced by the court ie rupee 200000
Now my qus is that, can I adjust my loss from 2 lac? Or I m liable to pay tax on 2 lac....
Thanks in advance.:)
Replies (1)
Refer the chapter of set off and carry forward of losses.
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