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Set off of loss
Sir,
Can anyone give me guidance for following,
Can I set off of future and option loss against divided income for A.Y.2021-22.
Divided income is taxable from A.Y.2021-22 and will be charged as a normal rate.
For example,
Divided income 5000000
Less:Furniture
and option loss 3000000
Net income after
Set off of future
and option loss 2000000
Is it correct?
Thanks.
Replies (8)
Quick Summary
Future and options loss are set off against other income expect salary income in the same year when the loss occurred
if it is carried forward for future year then it will be set off against only business income
sorry I don't know what is divided income ??
if it is carried forward for future year then it will be set off against only business income
sorry I don't know what is divided income ??
Yes you can set-off against current year dividend income
It is dividend income what he wants to say!!!
Yes.. I too meant that only current year f&o losses can be set-off against current year dividend income for a. y. 2020-21
Sir,
It is a equity dividend income earned from investment of stock of various company.
Thanks
Thank you very much.
It is a dividend income earned from investment of various company's stock.
Thank you very much. It is current A.Y.2021-22 and F.Y.2020-21.
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