Loss n reliance gld fund

May 2017.........relates to FY 2017-18 & AY 2018-19.......

It is long term capital loss. Show it in schedule capital gain

I think the assessee would have claimed deduction u.s. 80c in respect of the investment made in mutual fund. so the loss cannot be claimed. correct me if I am wrong

80C deduction is not available for gold fund. Only equity oriented ELSS funds are eligible for 80C defuction

Gold fund is as per reliance offcie is debt fund so he said you can deduct loss form your FD interest income .Is that appropriate?

As stated in one of the earlier reply that your loss is long term capital loss. as per income tax law, long term capital loss can be set off with long term capital gain only. Since FD interest will be taxed under the head Income from other sources so the said loss cannot be set off with the FD interest income.