My Query is :-
Mr. A is partner in a LLP firm and gets Remuneration and Interest on Capital from there.
He also did few F&O Trading (Non-speculative income) this financial year and suffered a loss of INR 25 Lakhs.
I want to know that, Is it possible his F&O trading (Non-speculative income) loss can be set off from the Remuneration & interest on capital received from his LLP firm?
I hope you can help me out and him?