Difference between write off and write back

What are the capital gain tax implications? Could you elaborate?

There are two types of capital gains:

Tax Rate On Short-Term Capital Gains

• When the securities transaction tax is not applicable - The STCGT is added to the ITR of the taxpayer and the individual is taxed as per his income tax slab
• When the securities transaction tax is applicable - 15%

Short-term Capital Gain = Selling Price - (Cost of Acquisition + Incidental costs of transfer + Cost of improvement)

Tax Rate On Long-Term Capital Gains

• Except on the sale of equity-oriented funds or equity shares - 20%
• On the sale of equity-oriented funds or equity shares - 10% over and above Rs.1,00,000

Long-term Capital Gain = Selling Price - (Index Cost of Acquisition + Incidental costs of transfer + Index Cost of improvement)