Losses incurred by the assessee from F & O operations - ...

Futures and Options losses are business losses, not speculation, per section 43(5) proviso. Set off against other business income.

March 6, 2023

Case Laws Income Tax AT

Losses incurred by the assessee from F & O operations - Speculation loss or business loss - Loss incurred on account of derivatives would be deemed business loss under proviso to section 43(5) and not speculation loss and, hence, Explanation to section 73 could not be applicable; and such loss would be set off against income from business - AT

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Losses incurred by the assessee from F & O operations - ...

Futures and Options losses are business losses, not speculation, per section 43(5) proviso. Set off against other business income.

March 6, 2023

Case Laws Income Tax AT

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