House Property Loss Adjustment in Short Term Capital Gain

Friends,  It is common question that whether a loss of House Property can be adjusted in Short Term Capital Gain or not.  

Answer of above question is  Yes, current year's house property loss can be adjusted against any income including income from short-term capital gains, however, brought forward loss from house property (i.e., loss of earlier year) can only be adjusted against income chargeable to tax under the head 'Income from house property'. In other words, current year's loss from house property can be adjusted against income chargeable to tax under the head 'Short term capital gains', however, brought forward loss from house property cannot be adjusted against short-term capital gains.