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
2 Replies
PiyushAgrawal
(Chartered acooutant in practice)
(575 Points)
Replied 26 December 2008
it is a Speculative loss so it shud no adj with intrest income.
Juzer Sadikot
(CA - innovative solutions for Imports and Exports)
(1309 Points)
Replied 26 December 2008
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
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