Comment on Taxation Simplified

Thanks Anirud,

The losses that you make trading f&o is considered as a business loss and can be set off against any other business income of yours other than your salary. Salary can’t be net off against f&o loss.
Yes this f&o loss can be set off against any f&O or short term gain trading markets in the next 8 years, but along with it you can net it off against your business income.
When I say business income it could mean your rental income, interest income(this can be set off only in the first year) or any other similar gain you make other than salary.
Hope this helps
Cheers,

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