Hi
Say Debt_STCG is Rs. 5000,
Equity_STCG is (Profit is Rs. 15000 - Loss of Rs. 7000).
Can we do this Net Debt_STCG = Rs. 0 and
Net Equity_STCG = Rs. 13,000?
(the income falls in the 30% tax slab)
i.e. can we adjust loss in equity against gains from debt without adjusting the loss against equity first?
If yes, then we have to reject the P&L statement given by the broker as that will give a net Profit or Loss. We have to make our excel sheet and separate the loss and the profit components.