Loss from futures & options

Dear Sir,

I have been trading in Futures & Options. I have Taken sold some of mothers shares of about 50 lakhs in her account & used it for trading in my futures & options. i have Incurred a huge loss of about 60 lakhs in futures & options. But Similarily, i have a garment business where i have incurred about 10 lakhs profit which i have used in my future & options shares trading to clear off my debts. now i have no money to even give tax also... i am in deep trouble... how should i treat my futures & options loss ?....can i sett up my loss with business income...so that my business profit is adjusted with futures & options loss...& carry forward my remaining loss which can be adjusted in next 7-8 years business profit... or what others best way i can use to seet off my futures & options loss...i have no money left except my garment business.... plz help...i am in deep trouble.