Comment on Taxation for Traders - Introduction

Hi,
Nithin. Thanks again for the quick reply.
A few more queries.
1. Don’t futures trading count as capital gains.
2. Also can I or not carry forward loss from futures trading as Capital loss for the next year.
3. In case Derivatives don’t count Capital gains and I already have capital loss the previous year then can I adjust my profit (hypothetical) with previous year capital loss or in case of loss this year add to the capital loss I already have in the previous year(my present case).
4. In which schedule do I have to mention Futures as Business Income in ITR4.

Thanks a lot in advance. I would have made a mess of my tax filing without your help.

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