SET OFF OF LONG TERM CAPITAL LOSS

This query is : Resolved 

Quick Summary
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.

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

25 August 2023 Yes, it can be set off.

25 August 2023 Thank You Sir for your valuable advise.

26 August 2023 You are welcome..
...


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