Setting off capital gains after selling shares

Hello Experts, 

If a person sells shares and then buys a property through Power of Attorney, is it possible to avoid tax on capitals gains while filling ITR

Replies (5)
Quick Summary
This discussion explores the tax implications of selling shares. It clarifies that using funds from a share sale to buy property via Power of Attorney does not exempt capital gains from tax. However, it confirms that capital losses incurred from selling a flat can be offset against profits made from selling equity mutual funds.

No. Not eligible.                              

If a person incurred capital loss by selling a flat / apartment , can this loss be adjusted against capital profit of selling equity mutual funds?

Yes, eligible.             

Thanks

Welcome.                                

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details