How to adjust Capital loss from sale of flat for salaried individual

Hi,

 

I've a residential flat which I bought for lets say 30 Lacs. So far I've paid interest of 10 lacs and the flat market price is now 22 lacs. If I sell this flat I'll be at a net loss of 18 lacs (10 lacs interest and 8 lacs depreciation in price). Can I set off this loss of 18 lacs against the capital gains from sale of securities (shares) long term or short term.

Kindly note I'm a salaried individual.

Pls advice. Thanks 

Replies (3)
Quick Summary
This discussion explores how a salaried individual can adjust capital loss incurred from selling a residential flat. The user is asking if a significant loss, calculated from purchase price, interest paid, and market depreciation, can be offset against capital gains from selling securities. Advice suggests that this specific type of loss cannot be directly offset against salary income but can be carried forward for future tax benefits.

Yes go ahead please do it.
@ Chetan how interest paid become part of cost of improvement? please give your views
You cannot set off it against salary, you can carry forward that loss for next. 8years

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details