Set off of loss - speculation loss or not - loss (on account of ...

Derivatives Sale Losses Can Offset Regular Business Income Under Explanation to Section 73(4) of Income Tax Act.

June 21, 2018

Case Laws Income Tax AT

Set off of loss - speculation loss or not - loss (on account of sale of derivatives) would be allowed to be set off against income arising out of proper business because derivatives were treated differently within meaning of Explanation to section 73(4) and not at par with the shares

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Set off of loss - speculation loss or not - loss (on account of ...

Derivatives Sale Losses Can Offset Regular Business Income Under Explanation to Section 73(4) of Income Tax Act.

June 21, 2018

Case Laws Income Tax AT

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