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Set on & carry forward (sec :72)

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Guest (Querist)
01 September 2009 can carry forward business loss be set off from profit from Sepclative business
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seema chouhan

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seema chouhan (Expert)
02 September 2009 no speculation profit or loss cannot be adjusted against business profit or loss.
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
02 September 2009 yes, carried forward business loss can be set of against speculative business income.
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