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TMI BlogCAN PROFIT IN STOCK(DERIVATIVE) US MKT BE OFFSET WITHC/F LOSSES IN DERIVATIVE INDIAN MKTX X X X Extracts X X X X X X X X Extracts X X X X ..... X is an Indian proprietary concern which has c/f losses in Indian derivative market . X trades in United States derivative market as an individual and has profits. Can X offset his proprietary conce ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rn derivative losses with profits from individual account in derivative trading in USA? - Reply By Deepak Nagori - The Reply = Dear Satinder, Income tax Act does not make any distinction for pro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fits / losses in India or in foreign countries for residents. So assuming X is a resident, he can offset the losses in India from profit in foreign country. Also derivative transactions are not specul ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ative transactions u/s 43(5) . Hence b/f losses upto 8 years before are eligible for set off against the foreign profits. Regards CA Deepak Nagori - Reply By satinder chadha - The Reply = Thank ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... you sir.I am overwhelmed by the pain you have taken to answer the question.Thank you sir once again. - CAN PROFIT IN STOCK(DERIVATIVE) US MKT BE OFFSET WITHC/F LOSSES IN DERIVATIVE INDIAN MKT - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Query Started By: - satinder chadha Dated:- 24-11-2011 Income Tax - Got 2 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management Indi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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