i am having loss in future & option for F.Y. 2011-12. so can i sett off the same with my Income from other source.
Regards,
Prakshal
Prakshal M. Shah (CA & M.Com) (69 Points)
10 September 2012i am having loss in future & option for F.Y. 2011-12. so can i sett off the same with my Income from other source.
Regards,
Prakshal
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 10 September 2012
F&O is business , if you have business income then you cam set off.
RAMESH CHANDRA SHARMA
(munka istentisztelet)
(899 Points)
Replied 10 September 2012
TRADING IN DERIVATIVES ARE TREATED AS NON-SPECILTAIVE BUSINESS .....AND LOSS FROM SUCH CAN BE SET OFF AGAINST ANY INCOME OTHER THAN SALARY INCOME .........
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