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View Full Version : Setoff and carry forward losses in futures & options in india


aglvikas
Apr 17, 2008, 09:45 AM
This is vikas agrawal, I had losses in future & options in India, I had many other income sources. So I want to setoff my losses,
I want to know from which income my future & options losses can be setoff, and for how many years I can carry these losses.
I'm writing my other incomes

1) salary from my partnership firm , I'm one of the partner
2) income from tution
3) gift excedding exempted limit
4) income from interest from saving acount,NSC,Infrastructure Bond.
5) future and option gain


Please inform me from which of the above mentioned source(s) or any other source of income my losses can be setoff.

MukatA
Apr 17, 2008, 10:07 AM
This forum is for the U.S. taxes.