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Income tax
if anyone has two house property one sale at profit and the other sale on loss then while computing capital gain profit minus loss will be treated as capital gain ?
Replies (2)
Yes it can be set off.
Yes. But you should keep in mind that long term capital loss can be set off only against long term capital gain and not short term capital gain. So if one property is long term and other is short term then above rule would apply.
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