Losses on currency derivatives transactions
This query is : Resolved
08 July 2014
Whether losses incurred on Currency derivaties transactions can be set off against Profit made on Equity Derivaties Transactions or Normal business profit?
08 July 2014
yes it is allowed...................................
08 July 2014
Will you please elaborate that why it is not considered as a Speculation Business?
08 July 2014
if sec 43 (5) is applicable then its not speculation.
08 July 2014
if it is cover under 43(5) then not come under speculation business income.
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