Whether Doing a trading in DERIVATIVES, or profit or loss in DERIVATIVES ( F & O) is termed as SPECULATIVE BUSINESS and profit and loss , INCOME from it is termed as either INCOME from SPECULATIVE BUSINESS or BUSINESS INCOME, LOSSES as SPECULATIVE LOSSES or BUISNESS LOSS.
Next can this LOSS in DERIVATIVES SEGMENT can be adjusted in BUISNESS INCOME, and INCOME from OTHER SOURCES,
OR can LOSS in DERIVATIVES SEGMENT can be carried forward
for 8 years.
CAclubindia
