I have long term capital gain on sale of my house property and long term loos against sale of my equitry shares. Can I offset against one another. If yes, should it be done in same accounting year? Please advise. Thanks.
Menu
Lt loss in shares to offset against lt gain in house sale
Replies (9)
Does equity shares were listed on NSE/BSE?
If they were listed equity shares than in such case you cannot set off such long term capital loss against any income.
Yes. Shares were Listed in BSE / NSE.
You cannot set off such long term capital loss against any other income.
If shares were UNLISTED then it could have been offset against LT gain on sale of house?
Just for knowledge, loss in NIFTY speculation or short term share loss be offset against LT gain on sale of house? Thanks.
If equity shares were unlisted than long term capital loss on such shares ( holding period=36months to be qualified as long term capital asset) even than it coul be setoff only against long term capital gain on shares and not against gains o f house property
Thanks Mr. Kuldipsingh.
You are most welcome sir
Recent Topic
- Claiming Pre Possession Home Loan Interest
- Tax on Pension from EPFO
- Indexation of Sale of Property under New Regime
- TDS ON RENT BY TENANT
- Forward tax charge gst related
- SBI direct mutual funds ITR
- 44AE Section
- FEMA compliant structure
- Tax obligation in AY 2026-27
- EFILING ITR2 FROM COMMON FILING UTILITY
Related Topics
CAclubindia
