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Treatment of f&o loss in it returns

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(Querist)
04 June 2012 Hello,

I am salaried person. I incurred a loss of Rs. 50,000.00 in F&O trading.

How do I treat the losses and can I book losses against salary income?
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CA CS CMA Sanjay Kumar Sareen

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CA CS CMA Sanjay Kumar Sareen (Expert)
05 June 2012 NO YOU CAN NOT ADJUST F&o LOSSES AGAINST SALARY.

IF YOU HAVE ANY CAPITAL GAINS SAME CAN BE ADJUSTED AGAINST THE LOSSES.

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