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Set off of LTCL (STT) agst LTCG (Without STT)

This query is : Resolved 
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(Querist)
16 January 2009 If there is a

Long Term Capital Loss on Sale of Eq Shares thro reco. Stock Ex (STT paid)
Rs. 10 lacs &

Long Term Capital Gain on sale of Eq. Shares (STT not paid) Rs. 7 lacs

If other incomes being NIL

what will be the tax incidence precisely?
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CA Pawan Goswami

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CA Pawan Goswami (Expert)
16 January 2009 LTCG on Eq. Shares (STT not paid) cannot be set off against LTCG on Eq. Shares (STT paid).
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CA Saurabh Maheshwari

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CA Saurabh Maheshwari (Expert)
12 February 2009 CANNOT BE SET OFF
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