Offsetting interest income against derivative trading losses
This query is : Resolved
Quick Summary
Akshit Jain
(Querist)
10 November 2024
Can interest income from FDs and government bonds be offset against carried forward losses on trading in equity derivatives?
10 November 2024
No. Bought forwarded such losses can be set off against any non-speculative business income only.
Akshit Jain
(Querist)
10 November 2024
Isn't interest income considered income from other sources?
10 November 2024
Yes.
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