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    aglvikas's Avatar
    aglvikas Posts: 2, Reputation: 1
    New Member
     
    #1

    Apr 17, 2008, 09:45 AM
    Setoff and carry forward losses in futures & options in india
    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's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
     
    #2

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

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