13 June 2013
Dear Sir, I want to know whether income from futures and options are speculative or Non-Speculative and how the loss from these are treated in Income Tax Act?
17 June 2013
Thank you sir for your reply. But,in some cases I have seen,loss from futures which is non-speculative is not being allowed to be set off against other income.
Thus department is not considering Loss from Futures and options and sending Demand Notice. Now,What should I Do?
CAclubindia
