Set off of loss

From F.Y.2020-21 Divided income is taxable as a normal slab rate. Can I set off current year future and option loss against divided income?

 

Replies (8)
Quick Summary
This discussion explores whether losses from Futures and Options (F&O) trading can be set off against dividend income for the financial year 2020-21. While dividend income is taxed at normal slab rates, there's a debate on whether F&O losses, treated as non-speculative business losses, can be offset against it. The consensus leans towards yes, as F&O is generally considered normal business income.

I think yes because f&o loss is considered as non speculative business loss and you can set off with in non speculative income.

Thank you very much Sir.

Thank you very much Sir.

I think you can not because speculation loss can be set off against speculation income only

I think that Furture and Option activity is treated as normal income .

Yes you can

Thank you very much Sir. 

Welcome........My Pleasure.....

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