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Setting of F&O loss

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17 July 2022 Dear Sir / Madam,

Mr A has incurred losses in F&O during FY 2021-22. That loss would be treated as business loss. He is preparing P&L balance sheet. He also has short term capital gain and income from other sources.

Can he set-off this business loss against short term capital gain and income from other sources??

Kindly guide.

Regards,
Suraj

18 July 2022 Yes, such business loss can be set off against capital gains and income from other sources.

18 July 2022 Thank You CA R Seetharaman Sir..




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