Loss on account of futures and options set off against the ...

Futures and options losses offset against business profits; no restrictions on derivative loss offset against share trading income.

September 1, 2015

Case Laws Income Tax AT

Loss on account of futures and options set off against the business profit - the entire transaction carried out by the assessee, indicated above, was within the umbrella of speculative transaction. There was, as such, no bar in setting off the loss arising out of derivatives from the income arising out of buying and selling of shares - AT

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Loss on account of futures and options set off against the ...

Futures and options losses offset against business profits; no restrictions on derivative loss offset against share trading income.

September 1, 2015

Case Laws Income Tax AT

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