LTCG Doubt for Property Sale

Income Tax Act 1961 Income from House Property
1

I have the following LTCG transactions:

  • Unlisted shares: LTCG loss of ₹1,00,000

  • House sold: Bought for ₹14,70,000 (2020), sold for ₹15,00,000 (2025). Indexed cost is ₹18,36,279.

Which is correct for calculating my net LTCG?

  1. -₹1,00,000 + ₹30,000 = -₹70,000, or

  2. -₹1,00,000, because the ₹30,000 house gain is zeroed out and therefore does not reduce the LTCG loss?

If the second treatment is correct:

  • Will I still get the ₹3,750 tax benefit on the house sale, or will I not receive any tax benefit at all?

  • Can I set off the indexation loss of ₹3,36,279 (₹18,36,279 − ₹15,00,000), or is it not allowed?

Please clarify with the relevant provision of the Income-tax Act.