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Set off from exempt LTCG

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(Querist)
04 June 2010 Dear all,

Can we set off STCL (on shares) against exempt LTCG (Sc 10(38))??
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kantijain

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kantijain (Expert)
04 June 2010 Dear kotak,

since stt paid LTCG is exempt u/s 10(38), u cannot setoff against STCL.

However taxable LTCG can be setoff against STCL.
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Shashank Kotak

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Shashank Kotak (Querist)
07 June 2010 Thank you...
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