Futures vs short term capital gains Tax

General
1

I had a loss of 1 lakh in derivatives last year, which was carry forwarded in ITR.

And i got a profit of 60000 in equities(short term) this year. Can this gains can be offset against loss in derivatives last year, so that i can avoid paying tax of 15%?

1 Like
2

F&O losses cannot be setoff against STCG. You have to pay the tax on the STCG you’ve made. All your tax queries answered here: http://zerodha.com/z-connect/traders-zone/taxation-for-traders/taxation-for-traders-introduction

2 Likes