LOSSES FROM SALE OF EQUITY SHARES OFFSET AGAINST SALE OF HOUSE PROPERTY

Varun (Proprietor) (89 Points)

10 April 2021  

Hello All,

Greetings !!

Please reply on below.

Q1. Can we offset Losses from sale of shares against Capital Gain from sale of House property ?

Q2. If Yes, then what is the treatment for LONG TERM / SHORT TERM.

Sr No Type of Loss Can we offset against below ?
1 SHORT TERM capital losses from sale of Equity shares LONG TERM GAINS from sale of house property
2 LONG TERM capital losses from sale of Equity shares LONG TERM GAINS from sale of house property

 

Please help.