Future & options Loss

Tax queries 830 views 2 replies
Since as per section 43(5)d, the loss from Future and options will be considered as Business loss. Can this loss be adjusted against Interest income shown under "Income from other sources".
 
Naresh 
Replies (2)

it is a Speculative loss so it shud no adj with intrest income.

Dear Naresh,

 

Yes, you can adjust it agains Income from any source other than salary in same year and from Business gain from susequent year.

 

Regards


CCI Pro

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