Can Stock Market loss can be considered a Business loss ??

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  1. Arun Christe

    Arun Christe New Member


    Kindly clarify the below

    I had made a Futures and Options trading loss of 13 lakh in the financial year 2014-2015

    My auditor had filed it as capital loss (due to confusion if it can be set of with business income)

    On Feb 29 2016 there has been a circular from Income Tax Department that the stock loss can be considered as a business loss if your a frequent trader and not a one time trader. (circular attached)

    In FY2015-2016 i have made a loss of 16 lakh

    and my business taxable income is 9 lakhs.

    Can I offest my business income with stock loss as above??

    Attached Files:

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