I made a loss in F&O trading for lass financial year. I have few doubts:
Can I offset F&O loss with my short term capital gains from equity delivery?
If F&O loss cannot be adjusted with STCG, if it is considered as business income and since I have made loss then I guess an audit is required for sure.
If audit is required as I made loss in F&O then can I avoid auditing by carrying forward the loss?
Thanks in advance.