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This query is : Resolved
08 January 2011
Whether loss on stock futures can be adjusted against profit on currency futures?
CA PARAS BAFNA
(Expert)
08 January 2011
For the currency future NSE, BSE & MCX stock exchange ltd is the notified stock exchange and as such loss on stock futures can be adjusted against profit in currency futures as both are of the type of a non-speculative business U/s 43(5)
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