Carryforward, set off of losses in currency derivatives

Bahadur Dugar (Sr Manager) (25 Points)

12 March 2012  

Please clarify how losses under currency derivative trading could be set off against profit in commodities trading by an individual tax payer ?

Are these transactions distinct as 'bussiness income' (currency derivative trading) and 'speculative income' (commodities trading)

Thanks

B S Dugar