Q: Is F&O trading taxed as Capital Gains in India? A: No. Futures & Options (F&O) trading income is treated as non-speculative business income and taxed as per your income tax slab rates. Q: Can traders claim expenses against F&O income? A: Yes. Brokerage, internet bills, trading software, advisory fees, and even increased STT are allowed as business expense deductions. Q: Can F&O losses be adjusted in Income Tax? A: Yes. Non-speculative F&O losses can be set off against busi