Comment on Taxation Simplified

i had bought some stocks in form of delivery 4 years back, money invested was 2 lakh & if i sell those shares now ,i will suffer 1 lakh loss.myself having small business & i have income from my business, interest income & dividend.my question is if i sell those shares now , can i deduct loss from stocks from my business income this financial year for computing income tax? if not,which type of gain in coming years i can net off loss ?

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