LONG TERM CAPITAL LOSS AGAINST CAPITAL GAIN

I have following loNg term capital assets transaction

1) House bought in 1988 - sold in 2023 

2) SREI equipment finance NCD bonds  50k invested - amt not redeemed 

  Got only  Rs 3050 After 2 years of due redemption.  

My question regarding filing ITR-3 is 

a) where is LONG TERM CAPITAL GAIN LOSS in ITR-3

b) Whether gain in 1 can be setoff against loss of  2

BOTH TRANSACTION HAPPENED IN THIS YEAR.(FY 2023-24)   

 

Replies (6)
Quick Summary
This discussion explores how to report and offset long-term capital gains from selling a property against losses from a SREI NCD investment in ITR-3. The user is seeking clarification on where to declare these in the tax form and whether the loss from the NCD can be set off against the gain from the property sale, as both transactions occurred in the current financial year.

The manner of payouts to the holders of the NCDs is set out below:

1. Dissenting Secured NCD Holders: Particulars Amount (INR Cr) Cash (Share of Liquidation Value) 18.57

2. Assenting Unsecured NCD Holders: Particulars Amount (INR Cr)

Cash - Tranche 1    9.62

Cash - Tranche 2     3.73

Cash – In lieu of SRs * 9.80

OCD 42.13 Equity (SIFL) NIL

 

3. Assenting Secured NCD Holders Particulars Amount (INR Cr)

Cash - Tranche 1 182.31

Cash - Tranche 2 49.50

SRs (Backed by NCDs and CCPS) 139.96

OCD 731.89

Equity (SIFL) - % holding 1.24% Payout

 

Payments to NCD Holders as per the approved resolution plan including Cash Payment, issuing of OCDs to Trustees, Security Receipts, NCDs and Equity Shares of SIFL, wherever applicable are in the process of being made. Please also note that on payment/ issuance of instruments in accordance with the approved resolution plan, as specified below of various classes of NCD holders, all rights of NCD holders shall be governed by the terms of such instruments.

Calculate the net amount received along with that yet to be received as per resolution.

Long term capital loss to be adjusted against long term capital gain

Thanks Rambhia Sahab.  I have received only about  4k  in FY 2023-24.  Against  50 NCD debentures of 1k each. 

Thanks Mukherjee Sahab . But Long Term loss is not there in ITR-3 . 

 

Till the total consideration is not received in the relevant year, consider it as advance, no need to declare loss at present.

Thanks again Rambhia sahab

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
27 August 2026
ACCOUNTANT

CHARUPREETI & CO

Noida

Graduate (Any)

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
Featured 19 August 2026
Chartered Accountant

apricus india

Pune

CA

View Details