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.