Losses from F & O trading
This query is : Resolved
Mahendra Naik
(Querist)
08 June 2010
Can I adjust losses arising from trading in F & O against profit from business operations ?
Regards
Regards
Aditya Maheshwari
(Expert)
08 June 2010
Yes it can be done as the loss from F & O in shares & currency is non speculation business loss.
Sunil Kr. Sanganeria
(Expert)
08 June 2010
Yes. as per section 43(5)(d)of the Income Tax Act, any trading in derivtives referred to in clause(ac) of section 2 of the securities Contracts Regulation act 1956 carried out in a recognised stock exchange is not a speculative transaction.
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