30 January 2014
There is no order of set off for speculative transaction losses as the loss from speculation can only be adjusted against speculation profit and it cannot be adjusted from any other profit made by you. This can be adjusted in 8 years from the year of loss till it is adjusted and in case there is no speculation profit in the next 8 years then this loss cannot be adjusted and no benefit of carry forward is allowed.
CAclubindia
