LTCG, STCG setoff confusion

This discussion clarifies the rules for setting off capital gains and losses. It confirms that Short Term Capital Losses (STCL) can be used against both Long Term Capital Gains (LTCG) and Short Term Capital Gains (STCG), regardless of whether the gains are from debt or equity. Similarly, Long Term Capital Gains (LTCG) from equity can be set off against Short Term Capital Losses (STCL).