Loss from Intraday Speculative Business

ramana (manager) (21 Points)

07 September 2021

Intraday trading in FNO & OPTIONS resulted in loss , is there any limit in loss amount carried forward for next financial year.

Short term capital gain tax is calculated at 15% , which expenses can be claimed as expenses.

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2 Replies

Rajdeep Gajjar (2 Points)
Replied 07 September 2021

There's no limit in carry forwarding any losses.
expenses directly in relation to earn capital gains arre allowed

herbsandchilli Trading (81 Points)
Replied 08 September 2021

In loss in intraday speculative Businees (intraday stocks,delivery (STCG) stocks, & Commodity &Currency futures.

First time filing ITR-3 with "specualtive trading " as a business.

Need CA who can do tax audit (as my profit less than 6%of turn over ) +other income (FD interest ) is above Rs 2.5 lakhs.

Have to recover STT paid on intraday equity & Futures transaction to afford the tax audit fee.

Kindly contact here or message .

Thanks

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