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Equity stocks and F&O - set off loss and gain

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(Querist)
12 February 2023 Sir,
i have booked gain of 200000 in F&O and loss of 200000 in equity stocks. please let me know that can i set off this loss and gain to have income tax as ZERO.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
12 February 2023 Unless you are doing transactions of shares as business, you cannot set off capital loss of shares from business profits.

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