Treatment of future & option loss in it return
This query is : Resolved
Suraj Singh
(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.
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.
05 August 2013
Yes it is a speculative loss..
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