Treatment of L.t capital loss on sale of shares

Venkatramana Shastry C (Student CA Final ) (90 Points)

18 December 2020  

As there is ltcg tax on sale of shares on income exceeding 1 lakh p.a,So, what would be the tax treatment if  any long term capital loss occurred on sale ,the loss amount being below 1lakh or above in A.Y 2021-22?