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Currency derivative income

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(Querist)
01 September 2011 I Got Two question Please help me.

1)Currency Derivative income is Business income or it is Speculation income.?

2.)Can Currency Derivative Loss can be set off against commodity trading profit?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
01 September 2011 1. currency income normal business income
2. yes it can be set off but vice versa not possible.
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govind

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govind (Querist)
02 September 2011 thank you sir
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
03 September 2011 I agree with the expert
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
03 September 2011 Thanks you sir for your agreement.
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