F & O TRADING LOSS

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sunita sawant

• December 03, 2020 18:26

I HAVE ANOTHER BUSINESS WHERE I SHOW PROFIT 550,000/-

AND I HAVE F & O LOSS 200,000/-

F & O TURNOVER IS 800,000/-

HOW IN ITR 3 I SHOULD SHOW F & O LOSS TURNOVER 

HOW TO GIVE EFFECT IN ITR 3 

A.Y. 2020-21

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  Team Quicko

  • December 04, 2020 15:42

  Hi Sunita,

  F&O is treated as non-speculative business activity and can be set off against your other non-speculative business income. You can carry forward the remaining loss for the next 8 financial years. 

  Learn more about set off and carry forward of losses & Income Tax on Trading.

  Check out this webinar to learn how to file ITR with Equity, Intraday and F&O trading. 

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