Capital Loss Setoff on sale of property

Anoop Agarwal (Manager) (55 Points)

04 January 2024  

Dear Forum Members,

I incurred loss in sale of my farther property in FY-22-23, which is C/F to this FY.

I have Equity mutual fund brought in 2022 and having profit today, Can i sale some of this mutual fund equivalent to the loss from property sale +1 lac (exempted for LTCG) to avoid any tax.

Long term loss from house property sale can be compensated with long term gain from Equity MF OR Shares?

Please guide

Thanks in advance