Since as per section 43(5)d, the loss from Future and options will be considered as Business loss. Can this loss be adjusted against Interest income shown under "Income from other sources".
Naresh
Menu
Future & options Loss
Replies (2)
it is a Speculative loss so it shud no adj with intrest income.
Dear Naresh,
Yes, you can adjust it agains Income from any source other than salary in same year and from Business gain from susequent year.
Regards
Recent Threads
- Change HSN
- TDS ISSUE ( DIFFERENT SECTION )
- Company strike off with loan waiver accounting iss
- Board resolution for authorization for GST
- Invoice related audit
- Gst input credit related
- Updated ITR as missed the dead line
- Change if place of business l
- Purchase from unregistered dealer garments busines
- TDS DEDUCTED BUT NOT PAID BY EMPLOYER
Related Threads
CAclubindia
