If we loose money on trading can we claim It in income tax returns?

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Hi Prady,

Losses could be losses from speculation, short term capital losses, losses from business income (if you're into trading F&O). The treatment of each of these losses in the Income tax vary. A detailed explanation is given in this blog on Z-Connect. http://zerodha.com/z-connect/traders-zone/taxation-for-traders/taxation-simplified

However if you have specific questions, you may post here or directly on Z-Connect

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Thanks Venu Madhav, very informative article.