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Setoff of loss in future and option trading

This query is : Resolved 
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(Querist)
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
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CA Manish

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CA Manish (Expert)
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
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