B/f of losses
This query is : Resolved
13 April 2010
Can b/f business loss be set-off against speculation income. If yes, then whats the caselaw. If not, then why not. Is speculation income from commodities not a business income.
14 April 2010
Business loss can be set off against income from remaing heads but not with speculation income as it is probvided in Act.
Speculation loss can be set off against only speculation income
Speculation loss can be set off against only speculation income
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TWO FIRM NAME IN ONE GST NUMBER
- ITR -1 Filing
- Transportation of Petrol, Diesel by GTA and Other than GTA
- Procedure and Documents Required for Release of FD from DVAT
- IGST Refund pending since June 2022.
- SEA GOING ALLOWANCE
- Transfer of Rectification Rights to the Jurisdictional Assessing Officer
- Treatment of Profit on sale of fixed assets
- Trust 10AB form required for old asst. years?
- Transfer of rectification rights to ao
- SALES MADE THROUGH E COMMERCE OPERATOR 9(5)
- Igst utilisation query
- Interest will be paid
- CHANGE IN PARTICULARS OF DIRECTOR
- Non- payment of GST on supply of services- reg
- Accumulated surplus exceeding 15%
- Different GST Number MEESHO
- Fees amount transfer procedure for two doctors
- Notice u/s 148 of IT Act
- Credit note for cycle round
Trending Online Classes
CAclubindia
