Comment on Taxation for Traders - Introduction

Nithin Kamath commented on 28 Jul 2014, 11:53 AM

1. No, futures are considered as business income
2. You can carry forward f&O loss forward for 8 years, but as a business loss and not capital loss.
3. If you have capital loss from previous year, you can adjust it with capital gain this year and not against business gains (futures profit), and vice versa.
4. Business and profession schedule

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