Dear Forum Members,
I incurred loss in sale of my farther property in FY-22-23, which is C/F to this FY.
I have Equity mutual fund brought in 2022 and having profit today, Can i sale some of this mutual fund equivalent to the loss from property sale +1 lac (exempted for LTCG) to avoid any tax.
Long term loss from house property sale can be compensated with long term gain from Equity MF OR Shares?
Please guide
Thanks in advance
Thank you Sir for your help
Now I can initiate process of selling equity mutual fund and setoff loss from residential property against MF gain
Regards
Rakesh
Gowra Ventures Pvt Ltd
Hyderabad
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