offset LONG TERM CAPITAL LOSS from equities

dear mani

long term capital gain arises on transfer of equity shares in a rec.stock exchange is exempt hence there will be no case of set off the long term capital loss on these shares.

Dear Mr Tarun

My query is not about LONG TERM GAIN, it is about LONG TERM CAPITAL LOSS

Dear mani,

Long term capital gain arise on sell of equity shares which is sold through reg. stock exch.is exempted,so loss arise there from aslo can't set off against other capital gain because it is exempted source of revenue so that it's loss can't be set off against taxablesource of income

https://www.etaxindia.org/2010/01/set-off-of-long-term-capital-loss-with-indexation-against-long-term-capital-gains-without-indexation-is-allowable.html

dear friend

plz read the post carefully..u will get ur answer...

simply loss from a exempted source is not allowed to be set off..