sir, if long term capital gains is a negative value.how to calculate CG tax.
3 Replies
CA Mehul Chudasama
(Chartered Accountant)
(618 Points)
Replied 19 February 2016
Please can you say on which you are calculating capital gain and can you explain in Details
Ruchi
(CA)
(1410 Points)
Replied 19 February 2016
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.
Shivani Mittal
(Practice)
(425 Points)
Replied 19 February 2016
Agreed with Ruchi. Such loss can be carried forward for 8yrs and adjusted in future years.
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