Businee loss
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 December 2011
Can my Intra Day Profit from Share trading can be settled by my by Business Loss.
Please also tell me If there is any relevant case law regarding above query
An early reply would be apprecaited.
Please also tell me If there is any relevant case law regarding above query
An early reply would be apprecaited.
CA PARAS BAFNA
(Expert)
03 December 2011
Yes it can be set off. Pl Refer Section 72 and 73 for the same.
CA PARAS BAFNA
(Expert)
03 December 2011
However, loss in Intra-day Share Trading can not be set off against your normal business
profits.
profits.
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