https://www.taxtmi.com/forum/issue?id=1378 LTCG on securities where STT is paid are exempt under section 10(38) and thus excluded from capital gains computation and gross total income; the exemption applies only to qualifying transactions. Losses from long term transactions where STT was paid remain within the head capital gains and, on that basis, should be eligible for set off and carry forward against other long term capital gains, because the exemption affects only gains that meet the statutory conditions and does not categorically strip loss relief or the character of the head of income. en-us Sat, 25 Jul 2009 16:03:09 +0530 Thu, 23 Jan 2025 15:58:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1378 LTCG on securities where STT is paid are exempt under section 10(38) and thus excluded from capital gains computation and gross total income; the exemption applies only to qualifying transactions. Losses from long term transactions where STT was paid remain within the head capital gains and, on that basis, should be eligible for set off and carry forward against other long term capital gains, because the exemption affects only gains that meet the statutory conditions and does not categorically strip loss relief or the character of the head of income. Discussion-Forum Income Tax Sat, 25 Jul 2009 16:03:09 +0530 https://www.taxtmi.com/forum/issue?id=1378