Currency Trading as Business Loss
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 May 2011
Is there any citation with respect to currency trading allowance as business loss in ITAT or high courts or supreme court???
30 May 2011
No case law as yet but since the trades are done on recognised stock exchange the same is non speculation business loss in terms of section 43(5).
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