Transaction in derivatives / Intraday transaction

short term capital gains......under head capital gain

Delivery Trading - STCG/LTCG

Derivatives - Business Income

Intraday Trading - Speculative Business Income

Mr. Shailesh, i agree with u.

I have a loss in F&O in FY08-09. Can this be carried forward to next year?

For e.g. business income Rs5 lakh. F&O loss Rs10 Lakh.

So can net loss of Rs5 lakh be carried forward?

Yes. Rs 5,00,000/- can be carried forward provided u file ur return before 31st July.

In case, urs is an audit case, then u have to file ur return before 30th sep

Thanks Shailesh!