Comment on Zerodha - your tax aide while you trade

Varughese commented on 20 Feb 2017, 11:26 AM

Hi,

I am trading stock futures. As per my understanding profit/loss in futures comes under business income or business loss. I also want to do intraday trading of shares(cash). I have read somewhere that day trading of shares is classified as speculative income. Can we club the profit/loss of futures trading and day trading of stocks together. Also can we set off the loss of one segment (say intraday stocks) with profit of the other (futures trading)?

In business income there is a carry forward provision of loss for 7 years. Is that also there for speculative income?

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