Dear Sir,
If the house property is sold and there is long term capital gain(a) on it, the person has invested in new house property and claimed an exemption u/s 54. And there is also a long term capital loss(b) arising from the sale of mutual funds so the assessee can claim the exemption u/s 54 after adjusting the loss i.e (a-b) or he can also claim directly from (a).
Please reply.....
CAclubindia
