Taxability as Business Income or Speculation Business Income
This query is : Resolved
31 December 2008
Profit / Loss on the transaction under F&O ( Future & Option) are the Speculative Business or a Normal Business Income.
Can this Income / Loss be setoff against the income.loss of other business income. ?
Can this Income / Loss be setoff against the income.loss of other business income. ?
31 December 2008
It is a non-speculative income/loss. Loss arising therefrom can be set off against other business income.
31 December 2008
Derivative transaction is not taxable as speculative if certain conditions are fulfilled.
31 December 2008
It is a non-speculative income/loss. Loss arising therefrom can be set off against other business income.
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