F&O Loss

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JITENDRA SINGHVI

SELF EMPLYOED

211 Points Joined August 2015

Can anyone help me out where to show F&O Loss...is it adjustment against business income..??

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Guest

Even though they are speculative in nature, they are not treated as speculative business since trading on derivatives are deemed to be normal business as per income tax act. Hence such loss can be set off against other business income. Moreover 44AD is also available to derivatives trading.