Trading Loss

This query is : Resolved

deepak (Querist)
Follow

13 June 2011 If one person having business income ( other then share market ) & if he incurred trading loss in shares can it be set off agst business profit. I also want to STT, Service tax stamp duty etc can also be carried forward as loss or set off agst business income.

Regards

deeak

Kumar Babu.G

Kumar Babu.G (Expert)
Follow

13 June 2011 If that loss arises in a speculative transaction then that loss can be set off only against profit arising in a speculative transaction.If not it can be set off.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

13 June 2011 STT, Stamp Duty, Service Tax etc are allowable as expenses of share trading business and can be treated as if business loss.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Rampal Saini

Shailesh Prajapati

efiletax

ANJANA PALIYATH

kishor wakte

Subscribe Now

Trading Loss

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Article Assistant

Manager- Finance and Compliance

GST CONSULTANCY

Accountant

CA Final

GST CONSULTANT