Income tax
amit c ( Sr. Accountant) (120 Points)
07 March 2016
Ruchi
(CA)
(1410 Points)
Replied 09 March 2016
Yes. But you should keep in mind that long term capital loss can be set off only against long term capital gain and not short term capital gain. So if one property is long term and other is short term then above rule would apply.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)