STT

In addition to the question above

If  a person has F&O loss being shown as Business Loss, can STT paid be added to the loss and carried forward to next year ?

Can you quote the related section/regulation/guidance (a) In case STT can be added to loss and (b) In case the STT loss can be carried forward to the next year

Thanks.

F & O loss will be treated as Speculative loss and carry forward to be adjusted with speculative Income in the next 4 year (Section 73). STT paid will form part of Loss and it will add our loss.