Can stcg of shares claimed as business loss

Apudi (Student) (112 Points)

20 June 2012  

An asessee has a lot of transactions in share trading

Salary income 150000

Shares delievry based transactions               -400000

Intra day transactions                                       200000

 

can assesse claim stcg as business loss and setoff against intra day income.

 

Also he has paid delay payment charges to broker of rs 50000 for delay payment towrds transactions made

 

can these charges be claimed expense in intra day or stcg or both.

 

Please advise in best interest of assessee