If the assessee has got the following income/losses, how the set off is to be done:
Short Term Capital Gain (STT paid) - Rs. 5 lakhs
Short Term Capital Loss (STT Paid) - Rs. 6 Lakhs
Short Term Capital Loss (non STT paid) - Rs. 6 Lakhs
Is is allowable if the assessee sets of the entire loss against the normal STCG taxable and pay tax on the balance of capital gain at 15%?
