17 August 2020
Dear Sir I incurred long term capital loss from redemption of ELSS (Sundram Diversified Equity -Regular-Dividend Fund ) after 3 years of investment, during FY 2019-20. Can I set off this long term loss with the long term capital gain incurred in FY 2020-21 from sale of the residential property ? Please advise. Thanks
18 August 2020
Yes there is no restriction in the law...you can set off such Long term capital loss against Long-Term Capital Gains from residential house property
CAclubindia
