Experience The NoBrokerHood Difference!

Set up a demo for the entire community

Thank You For Submitting The Form
Home / Finance / Taxes / What is the Long Term Capital Loss in the Sale of a house property?
Q.

What is the Long Term Capital Loss in the Sale of a house property?

view 530 Views

1 Answers

1 Year

Comment

whatsapp [#222222128] Created with Sketch. Send
0 2023-07-04T20:08:19+00:00
⤺ Reply

Hi,

A long-term capital loss is the loss on the sale of an immovable property held for longer than 24 months. According to the income tax regulations regarding the set-off and carry forward of losses, the taxpayer can only set off Long Term Capital Losses (LTCL) against Long Term Capital Gains (LTCG). They can carry forward the remaining loss for 8 years and set off against LTCG only.

Need assistance in verifying your property documents? Opt for NoBroker’s legal assistance service

I hope this helps:)

Shifting, House?

✔

Lowest Price Quote

✔

Safe Relocation

✔

Professional Labour

✔

Timely Pickup & Delivery
inline_cards

Intercity Shifting-Upto 25% Off

Check Prices

inline_cards

Intracity Shifting-Upto 25% Off

Check Prices

inline_cards

City Tempo-Upto 50% Off

Book Now

Most Viewed Questions

How to Download Income Certificate Online Tamil Nadu?How to calculate home loan EMI?What is MOD Charges for Home Loan?What is part period interest in SBI home loan?How to Avoid Part Period Interest in SBI Home Loan?How to check APF number online?Last 10 Years Home Loan Interest Rates in India?How to Close SBI Home Loan?How to Do Prepayment of SBI Home Loan?How to Check EPF Grievance Registration Number?See All

Recently Published Questions

Does Car Loan Affect Home Loan?Can Plot Loan be Converted to Home Loan?Can I Get 85 Percent Home Loan?Can I Get a Home Loan With 580 Credit Score?What is the current home loan interest rate in India?Is it wise to take almost 1 crore personal loan or home loan to buy a villa in Hyderabad?How to Link SBI Home Loan with Repo Rate?Is Builder NOC Required For Home Loan?Is Society NOC Required for Home Loan?What are the Document Required for GRUH Finance Home Loan?See All

Authors Of The Question

profile
Lina

0 Total Answers


0


profile

Recently Answered Questions

Where to find labor workers for house shifting? What are the Divyansh Pratham Reviews, Indirapuram, Ghaziabad? What is the Aman Packers & Movers Surat Review? How to Pack Utensils for Moving? What are the Perfect Packers and Movers Chennai Reviews? What are DHL Movers and Packers Review? What is Permanent Tenant? What's Owner Financing Mean? Which Colour is Best for Main Gate? How to Get Rid of Bad Smell From Wash Basin?
Flat 25% off on Home Painting
Top Quality Paints | Best Prices | Experienced Partners