FnO loss set off

[Meher_Smaran]

You can only set off your previous year’s F&O losses with business income, @sandeveni_sateesh - You can’t do that against your capital gains.

Capital gains set off can only be done in the year of loss.

F&O Loss carry forward to next financial year

Yes. He is correct. In the year of loss, you can adjust against all types of income (except salary) but in the subsequent years, you can only set off against business income.