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Setting of F&O loss

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(Querist)
17 July 2022 Dear Sir / Madam,

Mr A has incurred losses in F&O during FY 2021-22. That loss would be treated as business loss. He is preparing P&L balance sheet. He also has short term capital gain and income from other sources.

Can he set-off this business loss against short term capital gain and income from other sources??

Kindly guide.

Regards,
Suraj
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
18 July 2022 Yes, such business loss can be set off against capital gains and income from other sources.
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Suraj

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Suraj (Querist)
18 July 2022 Thank You CA R Seetharaman Sir..
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