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

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