SET OFF OF LONG TERM CAPITAL LOSS

This query is : Resolved 
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This discussion clarifies whether long-term capital losses incurred from selling residential or commercial property can be offset against long-term capital gains from equity shares or mutual funds. The consensus is that this is indeed permissible. Nirmal Dave sought this advice and received confirmation.

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(Querist)
25 August 2023 Dear All,

Can i set off long term capital loss from sale of residential/commercial property against long term capital gain from equity share/mutual fund?

Thanks & Regards
Nirmal Dave
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
25 August 2023 Yes, it can be set off.
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NIRMAL DAVE

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NIRMAL DAVE (Querist)
25 August 2023 Thank You Sir for your valuable advise.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
26 August 2023 You are welcome..
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