Speculative loss or not - Set off and carry forward of loss ...

Case Laws Income Tax

June 11, 2022

Speculative loss or not - Set off and carry forward of loss arising from derivative transactions in currency segment - In essence, an 'eligible transaction' [as defined in Explanation-I to Section 43(5)] in respect of derivatives transaction [as defined in clause (ac) to Section 2 of Securities Contract (Regulation) Act, 1956] carried out on a recognized Stock Exchange shall not be deemed as Speculative Transaction having regard to exception provided in clause (d) to proviso to Section 43(5) of the Act. - AT

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Speculative loss or not - Set off and carry forward of loss ...

Case Laws Income Tax

June 11, 2022

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