Capital loss

Yes.      

Thank you for concurring view. I also have the same thoughts. 

If you have incurred a long term capital loss on selling shares or equity mutual fund units after 31.3.2018 then you can set them off against any LTCG, as profits/gains on long term shares or equity funds are now taxable in excess of Rs. 1 lakh; this amendment was announced in Budget 2018. Also, you can carry forward these losses for setting off in later years up to 8 assessment years.

Prior to 31.03.2018, there was no tax on long term gains on shares & equity funds, therefore long term gains on shares & equity funds were considered as a dead loss. Therefore, the same was not allowed to set off or carried forward.

Yes sir, U r correct...

Yes, long term capital loss incurred on equity shares can be offset against the long term capital gain on mutual fund units