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Offsetting interest income against derivative trading losses

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(Querist)
10 November 2024 Can interest income from FDs and government bonds be offset against carried forward losses on trading in equity derivatives?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
10 November 2024 No. Bought forwarded such losses can be set off against any non-speculative business income only.
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Akshit Jain

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Akshit Jain (Querist)
10 November 2024 Isn't interest income considered income from other sources?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
10 November 2024 Yes.
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