F&O Loss Audit Applicability


I can see many articles around F&O trading, I am super confused on which scenario suits me :slight_smile:

I have a Futures+Options combined turnover of 6L and my loss is around 36,000.

Can I set off this loss against my FD & Savings Interest?

Whether this requires any tax audit or I can file directly in Quicko?

Thanks for your response in advance.


Hi @RK07

You can set off Futures & Options losses against your FD & Savings Interest.

Moreover, Tax audit is not required for setting off the losses. However, If you fall under any conditions of tax audit applicability then you might have to get the tax audit done.

You can still file the return on Quicko.

You can refer to these articles to get the complete understanding