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Vivek Lala  |301 Answers  |Ask -

Tax, MF Expert - Answered on Jun 26, 2023

Vivek Lala has been working as a tax planner since 2018. His expertise lies in making personalised tax budgets and tax forecasts for individuals. As a tax advisor, he takes pride in simplifying tax complications for his clients using simple, easy-to-understand language.
Lala cleared his chartered accountancy exam in 2018 and completed his articleship with Chaturvedi and Shah. ... more
Lalit Question by Lalit on Jun 24, 2023Hindi
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Sir, I have F&O loss of 10lakh, short term gain of 4 lakh and long term gain of 25 lakh, Can I adjust F&O loss in long term gain.

Ans: Hello, F&O loss is a part of your business loss which can only be set off against your business / professional income and not against your long term gain
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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