Set of?????????????/
This query is : Resolved
Guest
Guest
(Querist)
06 November 2012
can i claim set off of speculation gain(intra day) on sale of shares against F & O loss (Business Loss)???????????????????????????????????????
06 November 2012
theoretically, there should not be any problem to claim speculation loss against speculation gain... so yes, you can claim this set off..
07 November 2012
DEAR SIR ,
1. AS PER SECTION 73 OF THE INCOME TAX ACT 1961 , SPECULATION LOSS CAN BE ONLY SETOFF AGAINST SPECULATION GAIN ....
2. SO YOU CAN VERY WELL SETOFF AGAINST GAIN OF FUTURES AND OPTIONS THE SPECULATION LOSS .....SINCE BOTH ARE SPECULATION NATURE ....
1. AS PER SECTION 73 OF THE INCOME TAX ACT 1961 , SPECULATION LOSS CAN BE ONLY SETOFF AGAINST SPECULATION GAIN ....
2. SO YOU CAN VERY WELL SETOFF AGAINST GAIN OF FUTURES AND OPTIONS THE SPECULATION LOSS .....SINCE BOTH ARE SPECULATION NATURE ....
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
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- Scrutiny and reopening of past returns
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- Booth for sales promotion
- Presumptive income under 2025 ACT
- TAX AUDIT QUESTION
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- LIABILITY ADJUSTMENT
- Capital Gains on sale of residential flat
- Accounting with Claude
- 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
- Delisted shares sold in off market/ Rebate u/s87A
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
