banner_ad

Loss Of Business can be carried forward

Others 1101 views 2 replies

Dear Sir,

I am doing business of Chemicals items, due to loss in 2006-07 i had closed down my busines. now i am doing trading in share market. so whether that loss of 2006-07 can be considered for set off under share business. if not then wat is the treatment of that loss. & how will be benefitted

 

Replies (2)
no u cant set off that loss against any income
Chemical Business is non-speculative business, while share trading (non-delivery) is speculative business. Loss from non-speculative can't be set-off against speculative business income and vice versa. u can only set-off such loss against non-speculative business income in future.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

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