Setoff of loss in future and option trading
This query is : Resolved
08 January 2013
dear sir,
I incurred loss of Rs.21000 in trading in future and option. Can it be set off against my business income or it can be carried forward to next year ?
Thanking You
Prachi Jain
I incurred loss of Rs.21000 in trading in future and option. Can it be set off against my business income or it can be carried forward to next year ?
Thanking You
Prachi Jain
08 January 2013
Speculation loss cannot be set off against non speculative business income it can be carried forward. for more details please refer the below link and download the file:-
https://www.caclubindia.com/share_files/set-off-and-carry-forward-of-losses-at-glance-52125.asp#.UOvtsFJK31U
https://www.caclubindia.com/share_files/set-off-and-carry-forward-of-losses-at-glance-52125.asp#.UOvtsFJK31U
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