Menu
Setoff of loss in F&O
can loss from Future and Options be set off against short term capital gains from sale of shares and securities.
Replies (4)
Loss in F&O(derivatives) is a non speculative business loss.Non speculative business loss can be set off against all profits except salary income .Therefore, in my opinion, it can be set off.
As per the new provisions of the Income Tax India.. Setoff of losses with regard to business income which are brought forward nature can be setoff against business income only.... and not with any other income
i have doubt regarding F&O as a non speculative business, can u clarify me
F & O transactions can be treated as capital gains or business income according to the volume, etc. If treated as business income, it is not speculative income. That is what the explanation in s43(5) means
Recent Threads
- Un claim ITC
- Form 49AA - OCI card holder applying for PAN card
- Section 54f and Sale between father and Son.
- Demat of shares of private limited company
- Income only with share market around 5-6 lack
- Missed GST Reporting for March 2025
- Future and Option Turnover
- Outstanding demand
- Error in filing income tax return
- DRAFT - DIRECTOR's REPORT OF BASE LAYER NBFC
Related Threads
CAclubindia
