How to show FNO Loss?

I have done only 2 trades in the entire year, where I incurred 1.5 lakhs in loss. My broker Motilal Oswal shows it as speculative loss in the capital gains statement. Read it all other places that it is a non speculative activity, that is, a non speculative loss. Confused how to show the loss on my return as a non speculative loss where I can deduct it against my other income or speculative loss. Please clarify. Thanks in advance!

Replies (3)
Quick Summary
This discussion clarifies how to report losses from Futures and Options (FNO) trading on your tax return. Unlike equity intraday trading, FNO trading is generally considered a normal business activity, meaning your losses are non-speculative. This allows you to potentially deduct these losses against other income or speculative losses, rather than being limited to capital gains treatment.

Equity intraday trading will come under speculative business.

F and O is normal business income
( Loss )
Speculation loss can be shown in itr 3.
Only sale of equity shares ( delivery) comes under capital gains

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