Biz loss can be carried forward
(WorldNews India)

Q I had purchased a flat at Hyderabad in 2009 for `12.5 lakh. I have sold it in January 2018 for `30 lakh for my daughter's wedding. What would be its tax implications? Venkatesh Hubli A) The cost of acquisition of your flat includes the registration and stamp duty charges. As your query is silent on the registration charges incurred, the computation of LTCG and the tax liability is done...