Setoff of loss in future and option trading
This query is : Resolved
08 January 2013
dear sir,
I incurred loss of Rs.21000 in trading in future and option. Can it be set off against my business income or it can be carried forward to next year ?
Thanking You
Prachi Jain
I incurred loss of Rs.21000 in trading in future and option. Can it be set off against my business income or it can be carried forward to next year ?
Thanking You
Prachi Jain
08 January 2013
Speculation loss cannot be set off against non speculative business income it can be carried forward. for more details please refer the below link and download the file:-
https://www.caclubindia.com/share_files/set-off-and-carry-forward-of-losses-at-glance-52125.asp#.UOvtsFJK31U
https://www.caclubindia.com/share_files/set-off-and-carry-forward-of-losses-at-glance-52125.asp#.UOvtsFJK31U
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Tds on commission charges
- Minimum tax payable to file Updated return
- Applicability of GST on Salary Reimbursement Component
- Dep. as per companies act
- Change Of Karta In Case of Death
- FAST-DS Scheme - Foreign Assets
- Salary from Qatar in Dollars in India
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
ARTICLESHIP
21 September 2026
CA Article Assistant
KK & Company Chartered Accountant
Pune
CA Inter
View Details
ARTICLESHIP
07 September 2026
CA Articles
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
View Details
Featured
11 September 2026
Audit Executive
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
CCI
Pro
CAclubindia
