Can options trading loss be adjusted against intraday gains or delivery gains?
@Quicko can you.
Yes, Option Trading Loss incurred in current year (FNO losses) can be adjusted against current year Intraday Gains n Delivery Gains.
Such FNO losses incurred in current year can be set off against all incomes except Salary Income.
It can be carried forward for a period of 8 years.
Carried forward FNO losses can be adjusted only against FNO Income or Business Income in the subsequent year.
F&O trading is treated as speculative business income and can be set off against any income except salary. So you can set off your F&O losses against your Intraday gains.
The remaining loss can be carry forwarded to the next 8 years and set off against future incomes.
Thx! This forum is awesome btw.
Can the FNO losses be adjusted against delivery income(positional equity trading) as well?
F&O trading is treated as non-speculative business income and can be set off against any income except salary income.
Since delivery based equity trading is treated as capital gains income you can set off F&O losses (non-speculative business loss) against it and carry forward the balance to the next 8 years.