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

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.