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Loss in equities and f&o

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(Querist)
04 July 2014
I am Salaried person and have transaction in Equities and F&O; I am going file ITR 4.

I have loss in F&O as well as in Equities (Short term and Long term).

Question is whether Shall I show all the losses in Equities and F&O as Business loss or Should I show F&O loss as "Business loss" and Equities as "Capital loss". Please suggest.
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Nikhil Kaushik online

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Nikhil Kaushik online (Expert)
31 July 2014 F&O shall be treated as business income only. you shall be required to do tax audit if your total income exceed Rs 2 lakhs

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