Loss on derivative segment
This query is : Resolved
03 May 2018
Hi,
I am a salaried Person, Last Year (2017-18) i have made a loss in derivative Segment, Intraday Trading Gain, STCG(Shares & Mutual Fund) & LTCG (Shares & Mutual Fund). Can i Claim Derivative Loss against STCG, if not What is the Treatment for that loss. Can i C/f this loss? Which ITR form I have to fill for this year.
Thanks
I am a salaried Person, Last Year (2017-18) i have made a loss in derivative Segment, Intraday Trading Gain, STCG(Shares & Mutual Fund) & LTCG (Shares & Mutual Fund). Can i Claim Derivative Loss against STCG, if not What is the Treatment for that loss. Can i C/f this loss? Which ITR form I have to fill for this year.
Thanks
03 May 2018
1. Sub-Section (2) of Section 71, allows to set off your business loss against Capital Gains (both LTCG and LTCG).
2. Sub-Section (2A) of Section 71, restricts to set off your business loss against Salary Income.
Derivative Segment loss is normal business loss. You can set off against Trading Gains (Speculative) as well as against capital gains.
2. Sub-Section (2A) of Section 71, restricts to set off your business loss against Salary Income.
Derivative Segment loss is normal business loss. You can set off against Trading Gains (Speculative) as well as against capital gains.
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04 May 2018
Sir,
Thanks for your reply, Which ITR Form will be filed for the same.
Thanks for your reply, Which ITR Form will be filed for the same.
04 May 2018
ITR 3 is applicable.
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