Each transaction treated as seperate or pooled for trading

If any Long Term Capital Loss arises on the sale of any asset, it is allowed to be set-off against long term capital gains arising from the sale of any asset.

However, long term capital loss arising from the sale of shares, mutual funds etc on which STT has been paid is not allowed to be set-off against any other capital gain. Therefore, long term loss arising from the sale of shares, mutual funds etc on which STT has been paid is also called as Dead Loss.

Long term capital gains on stock are exempted as per section 10(38). So LTCG will include long term capital losses & it is not allowed to set off the long term capital losses with other asset capital gains.