Hello ,
My query is , I am hoping to sell a property of mine in July, this sale will leave me with Capital Gains of about Rs55lakh. I will buy bonds with Rs50lakh that will still leave me with Rs5 lakh.
I am at the moment having a paper loss on some of my equities. For example I am losing about Rs35000 on mt Tata Motors investment, (this is a long term loss). What I would like to know is after, I sell my property, can I sell my share and claim the loss againt the gains on the property sale .
Thankyou
CAclubindia
