Loss on sale of a house property

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27 June 2022 Dear Sir,
My brother had purchased a 3 BHK flat in Gurgaon in 2014 which he recently sold out but during this process, he suffered a loss. My question is: Can a loss on sale of a house property be set off against Capital gains ( Long term / short term) of mutual funds / shares transactions?

Regards.

Paritosh Zaveri

28 June 2022 Such loss can be set off against long term capital gains only.

28 June 2022 Thanks very much Seetharaman Sir.




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