Question

2. Short term capital loss can be set-off against:
(A) Short term capital gain
(13) Long term capital gain
(C) Income under any other head
(D) Either (a) or (b)​

Answer 1

Short Term Capital Losses are allowed to be set off against both Long Term Gains and Short Term Gains. ... If capital losses have arisen from a business, such losses are allowed to be carried forward and carrying on of this business is not compulsory

therefore....(D) Either (a) or (b)