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(Querist)
24 September 2014 WHETHER THE CURRENCY DERIVATIVE IS CONSIDERED AS BUSINESS LOSS OR SPECULATIVE BUSINESS?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
24 September 2014 currency derivative losses (provided that the transactions were done through stock exchanges) are considered as normal business loss.

However, forwards etc entered into with banks etc through over the counter transactions, shall be considered speculative...
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