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Treatment of future & option loss in it return

This query is : Resolved 
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(Querist)
05 August 2013 Dear Sir

I have to file an IT Return of a client, who does share trading. He deals in Equity trading and Future & Option trading.

How to show Future & option trading loss as on 31.3.2013 in the Income Tax Return.

Will this be considered as speculation loss?

As regards, Equity trading loss/gain will be considered as short term or long term loss/gain depending upon the situation.

Please advice.

Thanks in advance.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
05 August 2013 Yes it is a speculative loss..
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