Sir
Iam a salaried person. I bought a flat in 2010 and now in Apr.17 going to sell the same at loss.
My query is, being a capital loss, whether I have to show it in Returns. And benefit i can claim in salary TDS for this loss.
Thanks.
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Capital gain
Replies (2)
you have to show the loss in the return but cannot adjust the same against salary income
Loss under the head capital gain can be setoff against profit of under the head capital gain itself. since POH is more thn 36 months the loss will be LTCL which can be setoff only against LTCG. This loss can be C/F FOR 8 AY.
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