Derivatives
This query is : Resolved
Gouri Sankar
(Querist)
20 July 2010
Please tel me the implication of Short term capital loss out of derivatives (set off such loss) and tel me the section also.
Aditya Maheshwari
(Expert)
20 July 2010
Derivatives loss is normal business loss as stated u/s 43(5) and not STC loss.
It can be set off against any other income in the year except salary and in next year against business income only.
It can be set off against any other income in the year except salary and in next year against business income only.
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