banner_ad

Loss on F & O Activities

This query is : Resolved 
Profile Image

Profile Image

(Querist)
02 June 2010 My client being an individual engaged in consultancy/advisiory services. besides these activities also he incurred/suffered loss on F & o activities of rs.35470/ during the period ended on 31.03.2010.

My query is whether the same can be considered as specutative loss or usual business loss for the purposes of being set off & carried forward as per I.t.Act.
Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
02 June 2010 F & O in shares will be treated as normal non speculation loss to be set of against profit from other business profit.
Profile Image

CA Shiv

Profile Image

CA Shiv (Expert)
02 June 2010 agree u can set off with the income from other business.....
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details