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Business Loss or Speculation Loss ????

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(Querist)
05 September 2010 Hello Sir,

one person having loss from F&O.. so how can i treat this loss in income tax returns
i.e.
1) business loss
2) speculation loss
3) short term CG Loss

plz explain. ???
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
05 September 2010 F & O from shares & currency - non speculation business loss

F & O in commodities - speculation business los..
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
05 September 2010 Continuing Aditya Ji, you may refer proviso (d) of section 43(5) of the Income tax Act,1961 for the details.
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