Hello
To offset loss against shares with ltcg on sale of agricultural land should both transaction take place in same fy and is it compulsory for the loss to be booked first before realising the ltcg on land ? Kindly clarify.
Thank you.
nitin (partner) (72 Points)
27 February 2023Hello
To offset loss against shares with ltcg on sale of agricultural land should both transaction take place in same fy and is it compulsory for the loss to be booked first before realising the ltcg on land ? Kindly clarify.
Thank you.
CA Raj Doshi
(Practising CA)
(8799 Points)
Replied 27 February 2023
CAclubindia
