What will be the treatment of long-term capital loss arising from transfer made on or after 1st April, 2018?

Long-term capital loss arising from transfer made on or after 1st April, 2018 will be allowed to be set-off and carried forward in accordance with existing provisions of the Act.

Therefore, it can be set-off against any other long-term capital gains and the Unabsorbed long term capital loss can be carried forward to subsequent eight years for set-off against long-term capital gains.

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