Question: can ltcg be adjusted against stcg?
Answer: Short-term capital loss (STCL) can be set off against both STCG and long-term capital gain (LTCG), whereas LTCL can be set off only against LTCG. Accordingly, in your case, LTCL of ₹71,000 cannot be set off against STCG of ₹1.10 lakh. However, LTCL can be set off against LTCG, if any, in the same FY.