Can I set-off my intraday equity losses against my F&O trading profits?

Intraday equity will be classified as speculative and F&O profits as non-speculative business income.

Loss from speculation business cannot be set-off against any income other than a speculative income.

I have read the ‘Taxations Module’ but still have this confusion. I also want to know that if it can be offset then it will be only for that year or I can also carry forward it?