Shares intraday trading whether speculate or not
This query is : Resolved
12 October 2017
the trading of shares in intraday i.e. buying on the same day and selling on the same day and the loss derived can be set off against income from other sources or not
Dr. ShamsheerKhan
(Expert)
12 October 2017
Speculation loss can only be set off with speculation profit in same financial year or next financial year.
K Srinivas, CMA CS
(Expert)
13 October 2017
Income from Intraday trading is considered as speculative income and any loss from speculative business can be set off only against profit from speculative income
16 October 2017
please explain whether share transaction in derivates and resulting in profit or loss are speculation or non-speculation.
K Srinivas, CMA CS
(Expert)
16 October 2017
Transactions in derivatives are non speculative nature
26 October 2017
sir
can i file revised income tax return claiming losses of Rs.8,100,190/- to carry forward to future years and original returnof income for the AY 2016-17 has been already filed admitting income of Rs.6,00090/-
can i file revised income tax return claiming losses of Rs.8,100,190/- to carry forward to future years and original returnof income for the AY 2016-17 has been already filed admitting income of Rs.6,00090/-
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