banner_ad

LOSSES FROM SALE OF EQUITY SHARES OFFSET AGAINST SALE OF HOUSE PROPERTY

Tax queries 321 views 5 replies
User Avatar

Proprietor
89 Points Posted on 10 April 2021

Hello All,

Greetings !!

Please reply on below.

Q1. Can we offset Losses from sale of shares against Capital Gain from sale of House property ?

Q2. If Yes, then what is the treatment for LONG TERM / SHORT TERM.

Sr No Type of Loss Can we offset against below ?
1 SHORT TERM capital losses from sale of Equity shares LONG TERM GAINS from sale of house property
2 LONG TERM capital losses from sale of Equity shares LONG TERM GAINS from sale of house property

 

Please help.

Reply Share Follow
On 10 April 2021 at 13:18 Report
Replies (5)
User Avatar

Chartered Accountant
24588 Points Posted on 10 April 2021
1) Yes you can set off loss from shares against LTCG.

2) under sl no 1 you can set off STCL against LTCG.
Under sl no 2 you can also set off LTCL against LTCG
129 Reply
On 10 April 2021 at 14:08
User Avatar

CMA
13117 Points Posted on 10 April 2021
You may set off such losses only if the assets are short term capital assets. In other words, long term capital loss can only be set off against long term capital gain.
92 Reply
On 10 April 2021 at 14:23
User Avatar

2742 Points Posted on 10 April 2021
Yes, you can
9 Reply
On 10 April 2021 at 16:58
User Avatar

Chartered Accountant
24588 Points Posted on 11 April 2021
All procedures are correct
129 Reply
On 11 April 2021 at 05:43
User Avatar

Proprietor
89 Points Posted on 11 April 2021

Great !!

Thanks to All of you for this Quick replies !!

Reply
On 11 April 2021 at 08:29


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details