11 July 2011
Dear sir, I had incurred a loss of say Rs 1.00 lac on transaction of futures & options on shares in f.y 2010-11. my query is 1. can I adjust this loss from salary income?. 2. If not what can I do?. 3. profit on short term capital gain earned on sale of shares in f.y 2010-11 say Rs 25000/-. Can this amount of adjusted against loss from futures& options in f.y 2010-11.