Comment on Taxation Simplified

Satya4 commented on 31 Jul 2013, 08:25 AM

Hi,
I do have the following sources of income.
1. Salary from Job
2. Interest income from Fixed Deposits
3. Loss from Futures & Options

Q1 : Does the loss from Futures & Options can be set off against Interest Income from Fixed Deposits.
Q2 : I have filed my return through a tax consultant. He does say the loss from Futures & Options is Speculative loss and cant be set off against Interest Income. Is this correct ?

Thank You

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