You can set off long-term capital loss against LTCG earned in next 8 FYs2 min read . Updated: 29 Oct 2018, 08:45 AM IST
Long-term capital loss on sale of capital asset can also be set off against LTCG arising from asset in current FY
With the recent introduction of 10% long-term capital gains (LTCG) tax above ₹ 1 lakh, can I carry over long-term capital loss (LTCL)? This capital loss could be offset with future capital gains above ₹ 1 lakh in four subsequent financial years. This will reduce the tax on capital gains. Is that possible with the prevailing law?
Select your Category