Long term capital gain

Long term capital gain on sale of share is exempted from tax if such sale has suffered stt. It is well decided that if any gain is exempted that loss on such transaction cannot be set- off

hence it cannot be set off if sales of such shares suffered STT

If sale of shares is via off market i.e without paying stt, then long term loss on shares can be set off against long term gain.

if STT was not paid on shares only then can the loss be set off..else cant..