Amendment of section 73

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..... y of April, 2015. - Clause 26 of the Bill seeks to amend section 73 of the Income- tax Act relating to losses in speculation business. The existing provisions of section 73 provide that losses incurred in respect of a speculation business cannot be set off or carried forward and set off except against the profits of any other speculation business. Explanation to section 73 provides that in case of .....

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