Everything you need to know about the taxation on stocks, mutual funds and bonds

My query is not that. In the year where there are f&o losses and capital gains, is it necessary to offset the losses against the capital gains? Can I just pay my due taxes on the Capital gains and carry my f&o loss to the next fiscal year?

Hi @atulagg

In the same year, F&O losses can be adjusted against all incomes except salary.
If you are unable to set off a loss in the current year, it can be carried forward over the next 8 years. However, in the subsequent 8 years, you may set it off only against business income.

You cannot choose to not set off the loss against relevant incomes.

Hope this clarifies.