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

Derivative Losses on Recognized Stock Exchanges Are Not Speculative, Can Be Set Off Under Income Tax Act Section 43(5).

June 11, 2022

Case Laws Income Tax AT

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 ...

Derivative Losses on Recognized Stock Exchanges Are Not Speculative, Can Be Set Off Under Income Tax Act Section 43(5).

June 11, 2022

Case Laws Income Tax AT

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