banner_ad

Speculative loss

This query is : Resolved 
Profile Image

Profile Image

(Querist)
13 January 2010 Whether current year's speculative profits can be set off against the current year's non-speculative business loss?
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
13 January 2010 My,view, It can be set off against Speuclative profit as per Sec.70
Profile Image

CA.Manish Jindal

Profile Image

CA.Manish Jindal (Expert)
14 January 2010 yes it can be done
Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
14 January 2010 Yes it is possible but the reverse is not possible
Profile Image

CA Ravi Sisodia

Profile Image

CA Ravi Sisodia (Expert)
14 January 2010 yes you can set-off
Profile Image

Manikanta Raju CA,CWA,(CS)

Profile Image

Manikanta Raju CA,CWA,(CS) (Expert)
18 January 2010 According to section 73, loss from speculative business can be set off only against income from speculativebusiness.

Where there is no such conditon imposed on non-speculative business loss for set-off.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details