i am a salaried person within a slab limit of 2 lakhs to 5 Lakhs.And also i am receiving insurance commission around 10,000 per annu and also deducting TDS.
i am having demat account with 3 brokers. doing intraday and options trading.
i met loss in future and option for the year 2014 and 2015( in the month of April, May and June 2014)
my question are 1. can i adjust the loss from option trading? and howlong it can be carry forward?
11 August 2014
have to disagree. Options trading is not speculative income. please refer proviso to section 43(5). such losses/incomes shall be considered as normal business loss/income and shall be available for carry forward upto 8 assessment years.
CAclubindia
