You can set off your losses from property sale against long-term capital gains (LTCG) from shares. It is now perfectly legal to set off tax liability across asset classes.
A tribunal has held that LTCG from one asset class could be set off against another and such tax planning are undertaken to reduce the tax burden is legal.
To know about LTCG in shares and can how it be set off against losses from property sale we recommend you to watch our video.
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