Comment on "Taxation Simplified"

Comment on Taxation Simplified

Nithin Kamath commented on 31 Jul 2013, 09:02 AM

Satya,

If you make a loss in f&O it is not a speculative loss but a business loss. You need to use ITR 4 or ITR4S for this.

Since it is a business loss, you can set off the loss from any gain other than your salary. So yes it can be set off against interest from FD’s.