Comment on Classifying Your Market Activity

James commented on 05 Jul 2015, 12:34 PM

Hi Nithin,

A Great initiative and an excellent tutorial. Thanks a ton for this. I love Pi by the way and I am much profitable trading options for this financial year with Pi.

I have a question on carry forward loss.

I am a NRI and I had filed my returns before to carry forward my F&O trading loss. The Income sources I have that are taxable are:
1. Rental income from a flat and a shop (approx. Rs. 175,000 PA)
2. Dividend from shares (Approx Rs. 12,500 PA)
3. Short term F&O Trading Loss of Approx Rs. -211,000
4. Interest on Fixed Deposits sitting in my NRE Account (Exempt from tax)

My question is, what will be the carry forward loss in the above case? Will it be the net of 1, 2 and 3 above whice is Rs. 23,500 OR will it be the full amount of Rs. 211,000?

Thanks so much for your time.

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