Hi, I had been under old tax regime and have incurred losses under 2 category:
a) losses in LTCG from sale of housing properties
b) loss from housing property (from Let out property on account of Home loan) in last 3 years under old tax regime.
My questions are:
1. If I now switch to new tax regime, will those losses from “a” and “b” above incurred under old regime in the past 2 years, be carried forward?
2. If yes, can these losses “a” and “b” both be set off in future against LTCG of Mutual funds?
Best Regards,
CAclubindia
