F & O market loss

[vishnu kiran]

Can loss from F & O market (Business Income) be set off against other
Normal Business Income ??? I Have daught it comes under speculation
business.

[Santhosh Prabhu]

In my view, there is a provision in income tax law for derivatives incomes
to be considered as regular business income. However, this is probably
available only to those people who have a genuine hedge i.e. who are in the
F & O segment to hedge possible losses in cash segment. you could refer
section 43 on this.