| Dear Friends, care need to be taken while setting off and carrying forward Speculative Loss. | |||||
| As per Sec (73) speculative loss is not eligible for set off after the end of four A.Y's from the end of A.Y in which loss has been incurred. | |||||
| For eg. Speculative loss occured in the P.Y 2003-04 (A.Y 2004-05) is eligible for set off only upto the A.Y 2008-09. | |||||
| Note :- 4 years to be counted from the end of the year 2004-05. | |||||
CAclubindia
