F.Y.2020-21 future and option loss.

This discussion explores the tax treatment of Future and Option (F&O) losses against dividend income for the Financial Year 2020-21. While divided income is taxed at normal slab rates, the question arises if F&O losses can be offset against it. The consensus leans towards F&O being treated as a normal business activity for tax purposes, suggesting that losses might not be directly set off against dividend income, as speculative losses typically require speculative income for offsetting.