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Income Tax - Highlights / Catch Notes

Home Highlights May 2015 Year 2015 This

Loss on trading - transaction was off market and speculative in ...


Off-Market Speculative Loss Ineligible for Set-Off Against Long-Term Capital Gains Under Tax Regulations.

May 18, 2015

Case Laws     Income Tax     AT

Loss on trading - transaction was off market and speculative in nature. Thus the loss so incurred was speculative loss, which is not eligible for set off against the long term capital gains - AT

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