Commodity loss (mcx)
This query is : Resolved
13 January 2014
FOR A PRIVATE LIMITED CO.
THE COMPNAY IS DEALING IN SHARE & SECURITIES (NSE,BSE,MCX)
THE COMPANY HAS A COMMODTY LOSS OF RS.1,00,000/-, AND F&O PROFIT OF RS.50,000/-
AND INTEREST INCOME OF RS.50,000/-
I WANT TO KNOW CAN THE COMMODITY LOSS BE SETOFF OR ADJUSTED AGAINST F&O + INTEREST INCOME....REGARDS
THE COMPNAY IS DEALING IN SHARE & SECURITIES (NSE,BSE,MCX)
THE COMPANY HAS A COMMODTY LOSS OF RS.1,00,000/-, AND F&O PROFIT OF RS.50,000/-
AND INTEREST INCOME OF RS.50,000/-
I WANT TO KNOW CAN THE COMMODITY LOSS BE SETOFF OR ADJUSTED AGAINST F&O + INTEREST INCOME....REGARDS
13 January 2014
As per my opinion loss can be setoff against f&o profit and not against interest 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
- DELIVERY GOLD & SILVER AND OTHER ETF TRADING PROFIT AS BUSINESS INCOME
- GSTR-1A How to update Invoice
- Excess salary payment.
- 3cd- cash system of accounting is allowed?
- Provision for loans that are under Revenue Recovery
- Form 121-contradictory opinions
- APPLICABILITYOF GST ON STUDENT HOSTEL FEES
- Stamp Paper for partnership firm change new income tax 2025
- Is Personal Guarantee of Director is Compulsory in case of loan to company ??
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
