loss from future/options on shares


This query is : Resolved 

11 July 2011 Dear sir,
I had incurred a loss of say Rs 1.00 lac on transaction of futures & options on shares in f.y 2010-11. my query is
1. can I adjust this loss from salary income?.
2. If not what can I do?.
3. profit on short term capital gain earned on sale of shares in f.y 2010-11 say Rs 25000/-. Can this amount of adjusted against loss from futures& options in f.y 2010-11.

11 July 2011 1. NO
2. carry forward the loss under PGBP
3. NO



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