Setoff of loss in future and option trading
This query is : Resolved
08 January 2013
dear sir,
I incurred loss of Rs.21000 in trading in future and option. Can it be set off against my business income or it can be carried forward to next year ?
Thanking You
Prachi Jain
I incurred loss of Rs.21000 in trading in future and option. Can it be set off against my business income or it can be carried forward to next year ?
Thanking You
Prachi Jain
08 January 2013
Speculation loss cannot be set off against non speculative business income it can be carried forward. for more details please refer the below link and download the file:-
https://www.caclubindia.com/share_files/set-off-and-carry-forward-of-losses-at-glance-52125.asp#.UOvtsFJK31U
https://www.caclubindia.com/share_files/set-off-and-carry-forward-of-losses-at-glance-52125.asp#.UOvtsFJK31U
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
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Difference between Date of Payment and Date of Deduction?
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Unregistered suppliers utility
- Bank details not Visible on Traces Portal
- Taxability of Partnership firm for FY 2025-26
- ITR 4 and Bank transactions
- LIC maturity claim whether taxable
- GST Rate for Catering Services
- EXPORT COMMERCIAL INVOICE HSN CODE
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
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
