Taxation for Self Employed

Taxation
1

Hi,
I would like to know what is the Taxation for Self Employed people.
I have a Manufacturing unit and i am the proprietor.

Now i have loss in trading F&O . And i have profit in my Business, Can u adjust the loss in F&O trading to my profit in business ?

Please explain,

Regards,
Kumar

2

Yes you can adjust. F&O trading is considered non-speculative business, so it can be adjusted against your other business gains. Suggest you to read: Markets and Taxation – Varsity by Zerodha

1 Like
3

F & O Loss can offset against all Income ie Income from other business, Capital Gain , House property Income or Income from other sources in the same year. So you can offset your Loss from trading from other profits of other business.