can we show future/option loss to reduce the tax liability?
If person have business income along with that he is doing future/option trades.
so can we reduce our tax from future/option losses against business income ?
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Loss in future/option trades and income tax
Replies (8)
No you cannot claim or set off loss from futures/option from business income. As it is a speculation loss it should be set off from any speculation income
| Originally posted by : Sourav | ||
 |
No you cannot claim or set off loss from futures/option from business income. As it is a speculation loss it should be set off from any speculation income |  |
bro please check again, I read that future & options trading loss can be filed as business loss, they are not under speculative.
other senior members of CAclub please guide. please
Yes as future and options loss are derivative in nature they can be adjusted as business loss
Future options is a trading activity and hence it is normal business profit or loss. The said loss can be set off against any other business profit.
Yes. Future &option is business activity and loss can be set off like any other business loss.
future option trades under MIS intraday segment is also considered non speculative ?
| Originally posted by : SUSHANT BIDAYE | ||
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Yes. Future &option is business activity and loss can be set off like any other business loss. | |
future option trades under MIS intraday segment is also considered non speculative ?
It is considered as Business loss so you can claim it as Business loss.
@ practising CA , future option in all segments is under non speculative , sir ?
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