I lost 6 lakhs in share trading,, shall i reduce this amount from my overall income to get net income for ITR purpose.
Ans: There are many kinds of stock trading and depending on what exactly did you do, your tax liability will be calculated including whether your loss can be set off against anything else.
In general, you cannot set off your loss against your income in the way you have written. Please consult an income tax expert, a CA or a financial planner.