Long-Term Capital Loss (LTCL)

Tax Glossary Definition

Long-Term Capital Loss (LTCL)

Long-Term Capital Loss refers to the loss incurred from the sale of a capital asset held for a period exceeding the prescribed long-term threshold under the Income Tax Act. Such losses can only be set off against Long-Term Capital Gains (LTCG) and, if unadjusted, can be carried forward for up to eight assessment years.

Example: Selling shares held for more than 12 months at a loss of ₹50,000 results in a long-term capital loss, which can be used to offset LTCG in the same or future years.

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