sir, if long term capital gains is a negative value.how to calculate CG tax.
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Capital gains
Replies (3)
Please can you say on which you are calculating capital gain and can you explain in Details
I guess if LTCG is a negative value then it is actually Long Term Capital Loss and not Gain. Hence there will be no tax.
Agreed with Ruchi. Such loss can be carried forward for 8yrs and adjusted in future years.
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