Absolutely.Short term capital loss can be carried forward up to 8 assessment years andset off against short term capital gains in future.So if you have short term capital gains in AY 201617 FY 201516 than youcan set off you carried forward short term capital losses since AY 200809.The only condition is that you should have filed the loss return for thatparticular assessment year before the due date as per sec 1391.While filing your return you will have to mention the date of filing for theassessment year to which the loss pertains to.You can also reach us at helpquicko.com in case of any further queries.