Loss from trade of option is considered which type of loss? Can we adjust interest income or business income from losses of option trading? Pl clarify with details?

Dear Sir / Madam,

Mr A has incurred losses in F&O during FY 2021-22. That loss would be treated as business loss. He is preparing P&L balance sheet. He also has short term capital gain and income from other sources.

Can he set-off this business loss against short term capital gain and income from other sources??

Kindly guide.

Regards,
Suraj

Can we availed ITC on capital Goods in one shot? If not, then in how many months or year?

ABC is a partnership firm. ABC has no sales during the assessment year 2022-23 as it's business is not yet started. But the firm has purchase during the year.

whether the firm ABC is laible to income tax return???

I have purchased 2100 share in nov 2019 by 158000 and sold 1500shares in Feb 2022 by 157000.how to show this capital gain in income tax because there are no option in income tax site of no of shares sold.if in next fy left 600 shares sold how to capital gain calculated.

Whether Future & options charge under the head of PGBP or under the head of Capital Gains ?

If it is taxable under PGBP then can we set margin of 8% of turnover ?
And turnover will be the Net Gain/Loss of the F&O ( Sales - Purchase )

If it is taxable under Capital Gain then it will be taxable at flat rate of 15% ?

WHILE VALIDATING IT RETURNS
THE FOLLOWING ERROR OCCURS

VALITATION ERROR
FOR ADDRESS LOCALLITY ....

BUT IF I TRY TO UPDATE LOCALLITY IT DOES NOT UPDATING

HOW TO RECTIFY

I have purchased shares of Coal India shares for LONG TERM AND NOW I WANT TO SHOW THE SAME IN MY ITR, WHICH ITR CAN I CHOOE TO FILE

Hi experts,

My last working day at my previous company was on 7th Mar, 2021. I received leave encashment after some months and the ex-employer has provided the FY 21-22 Form 16 having the leave encashment payment details.

1. Please tell how should I mention this payment in current ITR filing?

2. Will form 10E be required to get relief u./s. 89?

3. Which annexure should be selected in Form 10E for leave encashment on resignation?

4. How do I mention amount after exemption under 10(10AA) while filling Form 10E and ITR?

Thank you.

What is time limit to carry forward unutilised ITC of
IGST
CGST
SGST?