sec 70(1) and sec 70(3) of Income tax act

Sec.70(1) - Loss from any source falling under a head of income, except Capital Gains head, can be set off against profits from any other source falling under the same respective head.

Sec. 70(2) - Loss from Short Term Capital Asset can be set-off against gains from any capital asset, computed under Sec.48 to 55, either being a long term or short term.

Sec.70(3) - Loss from Long Term Capital Asset can be set-off against gains from any other Long term capital asset only, computed under Sec.48 to 55.

 satish is correct

yes satish is absolutely right

Can I set off long term capital loss from sale of Securities which are liable to STT against long term capital gain from sale of immovable property ??