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Regarding setoff

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 February 2011 I want to know whether loss from currency futures done on mcx stock exchange can be setoff qgainst profit from futures transaction done on stocks and shares of companies......
Please guide me on this and an answer with Income tax section would be appreciated..
Regards..
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CA. Lohith Jagadeesh

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CA. Lohith Jagadeesh (Expert)
18 February 2011 Hi,
Will get back to you,

Regards
CA. LOHITH.J
B.Com,ACA,CS,(ICWA),SAPM Hons,ITF Hons
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