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FnO Losses Vs FD Interest Income

I have few questions with respect to how FnO losses can be reported in income tax returns filling - I have FnO losses as well as some interest income for this FY. I am a salaried person and as far as I understand, I can't offset FnO losses against salary income. But, is it allowed to offset FnO losses against the FD interest income? - Since I have FnO losses, I have read in few forums that I have to do some tax audit before filling the return. Is the tax audit mandatory in case of FnO loss..

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