F&O -Loss whether STCL/BL

Dear Mr. Vyas,

Loss from F & O Trading is to be considered as non-speculative business loss

and

Profit/Loss from day trading in cash market is to be considered as speculative business loss

and accordingly the Return need to be prepared. Also, there are chances that ur business turnover crosses the limit for tax audit. So, determine that also....

 agree

yes i agree on the above answer