Ankur Jain (Student Others) (133 Points)
10 June 2025Hi Guru's,
I would like to understand the tax implications of selling a property at a loss. I had purchased it for around ₹26 lakh and sold it for ₹18 lakh. Since it is a joint property, I’d appreciate guidance on how to report this while filing ITR-2, and whether I can claim any exemption for this loss.
Additionally, I have a question regarding RSUs. My company has provided me with some RSUs, but I haven’t sold them yet. Do I need to report these RSUs in my ITR-2?
Regards
Ankur
SUSHANT BIDAYE
(637 Points)
Replied 10 June 2025
For capital loss on sale of property, you have to compute it and show under the appropriate head in tax return form. You can set it off in future as per Income tax provisions.
On RSUs I am not an expert.
sabyasachi mukherjee
(27775 Points)
Replied 10 June 2025
Long term capital loss can be set off with long term capital gain.
sabyasachi mukherjee
(27775 Points)
Replied 10 June 2025
Under any circumstamnces the basic concept remains same.
Ranjan
(Mr)
(143 Points)
Replied 10 June 2025
As per my understanding, Capital Loss on sale of Real Estate is not allowed to be set off against some other Capital Gain.
Also, Income Tax Dept likely create hassle asking for solid proof about selling the property at a loss.
Ranjan
(Mr)
(143 Points)
Replied 10 June 2025
Regarding your question about reporting RSU:-
My understanding is that RSU is only a written promise by your employer for future Stock Option, dependent on various conditions. It is nothing tangible in money terms in your hand at present.
So there is nothing for you to report about RSU in any return.
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