forex trading
This query is : Resolved
08 August 2007
Dear sir,
I wish to know that does one can adjust his FOREX TRADE LOSS again stock market profit ?
If yes,then which type of Trading profit covered to adjust forex trading loss ? Intraday or Delivery base profit of stocks ?
And if nothing about all then one has to ready to suffer this loss of forex trading?
Any cues ???
Thanking you,
I wish to know that does one can adjust his FOREX TRADE LOSS again stock market profit ?
If yes,then which type of Trading profit covered to adjust forex trading loss ? Intraday or Delivery base profit of stocks ?
And if nothing about all then one has to ready to suffer this loss of forex trading?
Any cues ???
Thanking you,
13 August 2007
Trading profit cannot be setoff against forex loss.
Forex loss is ordinary item as per AS5.
Trading profit/ loss is extra-ordinary item.
You cannot setoff both against each other.
Forex loss is ordinary item as per AS5.
Trading profit/ loss is extra-ordinary item.
You cannot setoff both against each other.
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
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- Booth for sales promotion
- Regarding ITR filing with more value than showing in AIS/TIS
- F & O PROFIT REPORTING FOR AY 2026-27
- Rental income of jointly held property
- NRI INSURANCE ADVISOR
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
