05 December 2013
Except the day trading loss, other trading loss is treated as a normal business loss which can be set off against income under any other head (except Salary Income). . After setting off, the resultant income is considered as Gross Total Income (GTI). . In other cases, where there is no other income, or other income is not sufficient to absorb the losses fully, the GTI can be shown as negative. . For carrying forward the loss to the next AY, return must be filed on or before the due date. .
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