Whether Speculative losses upto the AY 2004-05 can be carried forward for 8 years, as from AY 2005-06, such losses can be carried forward for 4 years. It is correct to assume that speculative losses incurred from AY 2005-06 can be carried forward for 4 years and erlier losses can be carried forward for 8 years.
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Loss from speculative businee
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No old loss also to be carried froward for 4 years only. The same can be confirmed from format of ITR.
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