Set off of house property with salary and Long term capital gain

Applicable from 2018-19 onwards  .... The loss from house property can  be set off against Income from Other Heads .... upto  limits of Rs 2 lakhs for each financial year.

The sequence  of heads is irrelevant.

You can carry forward the remaining loss amount to the next fiscal year to set off.

Upto Rs. 2 lakhs means maximum upto Rs. 2 lakhs, not above that...

If loss from head IFHP is Rs. 3 lakhs... One can set off  loss of Rs. 2 lakhs against any other head in same financial year, and remaining loss of Rs. 1 lakh is carried forward (max 8 years) that  can be adjusted only against IFHP.

My Pleasure..                              

Sale of securities ,where I have to show in ITR ??

@ Swapnil

You are welcome...

Under Schedule CG

in case of long term CG, with STT paid..  under schedule 112A....