Capital gain quarry
This query is : Resolved
CA Abhishek Malpani
(Querist)
30 July 2011
Whether derivative income wil be taxable as normal business income & loss cab be set off against other business income?
CA PARAS BAFNA
(Expert)
30 July 2011
Yes . Treat it as normal business income.
Set off of loss in it is possible against any other income except Salary Income.
Set off of loss in it is possible against any other income except Salary Income.
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