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 Topics :
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
- Regarding 3CEB query
- Omitted E-Commerce Sales Reported in Table 14 but
Related Topics :
CAclubindia
