long term capital gain on sale of shares

No it can not be set off with any other long term capital gain.

 ya LTCG under sec.10(38) is exempt 4m tax.. 

& loss 4m it cant be set off against any income.... 

 it cant be sett off as source is exempt

it cannot be set off agaist any other capital gain.

LTCG is exempt  u/s 10(38) only when is sold in recognise stock exchange. If you sold these shares out of the rceognised stock exchange loss on these shares can be adjusted against LTCG.

Thanks,

Lovenish Bansal

LTCG is exempt  u/s 10(38) only when is sold in recognise stock exchange. If you sold these shares out of the recognised stock exchange loss on these shares can be adjusted against LTCG.

Thanks,

Lovenish Bansal

If any income is exempt under section 10. than  loss regarding to that income can't setfoff against any other  income.

i agree with lovenish bansal because ltcg on shares is exempt u/s 10(38) if stt is paid & if stt is not paid it will be taxable so it's loss also can be set off from only ltcg

TAXABLE LTC LOSS CAN BE SETT OFF FROM TAXABLE LTCG. BUT EXEMPT INCOME CAN NOT BE SETT OFF FROM ANY TAXABLE INCOME.

Hi All,

Kindly note that income/gain which are exempt u/s 10 then the corresponding expense/loss shall not be allowed for set off. Except for calculation of book profit u/s 115JB which specifically includs 10(38) for taxation.

Dear Sir / Madam,

If Shares of  pvt.ltd company has sold to other Pvt.ltd company out of recognised stock exchage, which is owned by the assessee.Is the LTCG taxable? % of Tax.

Thanks & Regards,

Alwin

it can not be set off against any source of income