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If you made losses in trading, here is how you can reduce your tax liability by reporting your losses while filing your ITR. NOTE: 🔸Offset current year’s non-speculative business losses (F&O) against all income except salary. 🔸Brought forward previous year’s non-speculative losses can only be set off against non-speculative business income. 🔸Speculative (intraday) losses can only be set off against speculative income and carried forward for 4 years. . . [ITR for freelance income, ITR for F&O
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