Can LTCG from stocks and MF be set-off against losses from real esate?

Income Tax Income from Capital Gains
1

Can LTCG on sale of equity shares and equity MF be offset against LT capital losses in sale of property

2

Hey @brij,

Yes, you can offset the losses from property against your profits from equity shares and MFs.

3

In India, Long Term Capital Gains (LTCG) on sale of mutual funds can be offset against losses on sale of real estate. This offset is permitted under the Income Tax Act and allows taxpayers to reduce their LTCG tax liability by deducting losses on sale of real estate within the same tax year.

4

Just to check can the brought forward LTCL of shares be offset against current FY LTCG of real estate ? In other words, other way round. I think it should be but just double checking.

5

Hi @hpant,

Yes, it can. Under Section 74 of the Income-tax Act, any brought forward long-term capital loss (LTCL) can be set off against long-term capital gains (LTCG) of the current year, no matter which asset they arise from. So LTCL from shares can be adjusted against LTCG from real estate.

Hope this helps!