Mr A has sold his flat which was book four years earlier. There was Loss in the transactions of Rs 30 lakhs as there was delay in project and OC. He has Sold his shares and MF on same financial year where he got long term capital gain of Rs 20 L. Can this capital gain can be adjusted against loss in sale of property
Hello @sanjivw
Yes, the loss from sale of property can be set-off against the sale of shares and mutual funds since they belong to same head of income (Long-term capital gains).
Hope this helps !!