Setoff of Loss
This query is : Resolved
08 July 2008
Whether loss in Derivatives trading can
be setoff against Other business Profit? Whether Profit/Loss in Derivative Trading will be treated as Speulative?
be setoff against Other business Profit? Whether Profit/Loss in Derivative Trading will be treated as Speulative?
09 July 2008
Yes, loss in Derivatives trading in securities can be set off against other business profit as the same is not a speclative loss in view of provis (d) to sub section 5 of Section 43 of the iT Act.
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