Long term capital loss from house property sale Setoff/ carryforward

Others 390 views 3 replies
  1. Can we setoff Long term capital loss from house property sale against the Rental income from second property in the same year and subsequent years.
  2. Canwe setoff Long term capital loss from house property sale against the Salary income in current year and subsequent years. If so Will this reduce our next taxable income?

     3. Hope LTCG/loss of house property cannot be setoff/carry forward in new regime.  

         Can we setoff the long term loss from house sale in next year in old regeime, if we select New in current year  ? 

4. Are the entire long term losses (house) accumulated prior year(s)  and current year, will be wiped off,  if we have selected new regime once in any point of time?

Thanks

Replies (3)
LTCG can be carried forward even if we select new tax regime
  1. No.
  2. No.
  3. Yes
  4. No.

Sir, understand current year LOHP cannot be Setoff/CF in new regime..

1.Please clarify in new tax regieme, can we still carry forward (CFL) the house property loss accumulated from previous year(s) to next year.

2. Also current year LTCL can be carried forward to next year in new tax regime


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details