Capital gain

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Ajay (Querist)
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12 February 2013 LTCG on Listed shares thro Exchange is exempt..

but LTCG on Listed Shares thro Off Market Transaction is taxable..

now ma question is

if Mr.x is having LTCG on sale of Land

can same be setoff with LTCL on listed securites thro Off Market Transaction.witout STT.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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12 February 2013 theoretically, the set-off should be available.

However, it is possible that AO may consider selling of shares in off-market transaction as a tax evasion device!

Anand

Anand (Expert)
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13 February 2013 It should be possible esp. if the off market sale is being made at an arms length price.

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