Set off of losses in short term cg in equity against long term cg without indexation

This discussion clarifies whether short-term capital losses from selling equities within a year can be offset against long-term capital gains from equity mutual funds held without indexation. The consensus is yes, as short-term losses can be set off against both short-term and long-term gains. It also touches upon whether long-term gains from equity funds can be offset against long-term losses from debt funds held for over three years with indexation.