Income/Loss from Derivatives (futures and options)

This query is : Resolved 

22 September 2009 Can we set off Loss from Derivates against business icome? Pl. Calrify

22 September 2009 yes if conditions are satisfied

22 September 2009 What are the conditions please?

22 September 2009 Pl read proviso (d) to section 43 (5) of the Income tax Act,1961 in www.incomtaxindia.gov.in.


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