Income Tax on Trading - Learn by Quicko
Income Tax on Trading - Learn by Quicko
Feb 6, 2024
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Made losses in trading? Here is how you can use them to save tax! 😀 By filing your ITR, you can set-off trading losses against profits and reduce your taxable income. If not used in the same year, some losses can even be carried forward for up to 4- 8 years. Here’s how it works 👇 🔹 F&O Loss (Non-speculative): Can be set-off against Incomes other than salary, Certain Special rate Income (eg- VDA, gaming income, etc). Carry forward up to 8 years. 🔹 Intraday Loss (Speculative): Can be set-off o
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