Long term Capital Gain

Chartered Accountant

Whether Long term Capital Loss from transfer of Shares and security can be use for set off for other long term capital gain ?

I think it cannot be allowed to set off as LTCG from transfer of Security is exempt u/s 10 but still i just want to confirm so please reply .


Dear Sir/Madam,

LTCG on Sale of Shares - Exempt u/s 10(38) if sale is routed through Stock Exchange and STT is paid...................

Loss from above transactions cannot be adjusted against any income......

Long term Capital loss on sale of shares not exempt u/s 10(38) can be set off against LTCG......

Please follow this link........




Dear Mam,

Ur understanding is correct,

Loss from the soucre where income is exempt has no tax treatment and is considered as Dead Loss..

Hence, LTCL on which STT stands paid at the time of sale will have no tax treatment.

(STT is charged when securities are sold on a Stock Exchange n to mutual funds in case of Equity Oriented Funds)

Senior Manager (F&A)



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