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Setting off capital gains after selling shares

Tax queries 450 views 5 replies

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)

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.                                


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