Hey,
Do you know what happens when you invest a chunk of your salary earned into an investment plan for a long period of time ? Everyone wants to gain but long-term capital loss is also a possibility. Here, I will tell you the meaning and how it is calculated. Keep reading to know more.
What is long term capital loss ?When an investment you own for more than 12 months leads to loss, it is deemed as long term capital loss. If the qualifying investment is sold before the period of a year, it will not be known as long term capital loss.
Essentially, long-term capital loss is nothing more than the difference between the purchase price and the price at which the asset is sold. I will share with you an example, it will help you understand the concept better. eg. if you invested into an asset for Rs. 250,000 and sold the asset after 13 months for Rs. 200,000. You will have realised a capital loss of Rs.50,000.
My friend shared with me that long-term capital loss can be offset by long-term capital gain. You can also deduct short-term capital loss with a short-term capital gain. I would recommend you conduct thorough research on your investment options before making any choice that impacts you long term.
This is all from my end on long-term capital loss. Hope your doubts have been cleared.
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Authors Of The Question
What is long term capital loss long term ?
Simran
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2 Year
2022-05-09T10:09:59+00:00 2022-05-09T10:10:00+00:00Comment
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