How to get benefit form loss in derivatives(f&o)
This query is : Resolved
30 July 2012
Can you please explain how can i get benefit from loss in option(Derivatives) trading where I am into business.
I am into tours & travels business where my income is Rs 500000 and my rent income is Rs 200000 and in the same year I have made loss of Rs 300000 in option trading assume that there is no other income.
Please explain how can I take benefit of my loss for current year.
I am into tours & travels business where my income is Rs 500000 and my rent income is Rs 200000 and in the same year I have made loss of Rs 300000 in option trading assume that there is no other income.
Please explain how can I take benefit of my loss for current year.
31 July 2012
Trading in derivatives is a NON SPECULATIVE business just like any other business.
Accordingly, loss in such business can be set off against income from your tour business.
Accordingly, loss in such business can be set off against income from your tour business.
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