yes why not.. set off aviable subject to following conditions. First you have to adjust whatever dividend received by you on your eqity mutual fund only (subject to dividend stripping condition) against your short term capital loss incurred by you on redemption of such units, after adjusting such dividend if there is further loss you can adjust such loss against your short capital gain incurred by you on sale of shares or redemption of other units, subject to payment of deduction of STT on sale of shares or redemiption of units Vinay, AVA
