Setoff

pavan kumar (CA Final , CMA Final) (202 Points)

01 August 2014  

Hi All

For the last three years I got loss in Trading in F & O , i filed my return before due date every year ..The Loss was shown as speculative Loss and the same was carried forward .

This year I got profit in F & O but as per recent amendments Trading in Future is not speculative .. Cant I set of my profit with previous year loss ?

please guide in this regard..

TYIA