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Set off your options trading loss against LTCG from shares
Financial Express Lucknow
|May 24, 2025
I had made long-term capital gains (LTCG) by selling shares of around ₹5 lakh in FY25 and had incurred a loss of ₹2 lakh in options. Can I set off the loss against the gains at the time of filing ITR?
—Satish Gupta
LTCG arising from the sale of listed shares (where STT has been paid) are taxed under Section 112A on gains exceeding ₹1.25 lakh. If the transfer is before July 23, 2024, then the rate of taxation will be 10%. In other cases, it will be 12.5%. On the other hand, losses from options trading are treated as non-speculative business losses as per Explanation to Section 43(5), taxable under the head "Income from business & profession" and taxable at the applicable slab rate.
This story is from the May 24, 2025 edition of Financial Express Lucknow.
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