Adjusting loss from f&o transactions

Natraj Kn (15 Points)

27 July 2017  

Hi There,

Have incurred losses from F&O transactions. What I want to know is if this loss can be adjusted against income other than from salary such as interest from fixed deposit?

Additionally it seems F&O income is considered as Business income and requires tax audit. Is it applicable even if I am a salaried person?

Regards

Nataraja