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CAPITAL GAIN ISSUE

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(Querist)
22 November 2008 LONG TERM CAPITAL LOSS OF SHARES ON WHICH STT HAS NOT BEEN PAID CAN BE SET OFF AGAINST OTHER LONG TERM CAPITAL GAIN?
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CA Hemant T Dewani

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CA Hemant T Dewani (Expert)
22 November 2008 yes if the above shares are sold in the open market & stt is not paid then you will setoff the same onather long term capital gain
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Ravikumar.G

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Ravikumar.G (Expert)
22 November 2008 Yes. LTCL set off only against LTCG.
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