Share trading loss f.y.2013-14
This query is : Resolved
CA Pramod Jain
(Querist)
22 August 2014
Company is into business of trading in shares. during the year it has incurred loss of rs.50lac on trading of shares (delivery taken) and also company has earned Rs.60 lac in commodity trade.also co has income from house property rs.14 lac.
whether gain from comm trade can be set off against loss on share trade i.e. business income.
whether gain from comm trade can be set off against loss on share trade i.e. business income.
Nikhil Kaushik
(Expert)
23 August 2014
yes. it share trading loss (delivery taken) can be set off against commodity trade income
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