NBFC Related query

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student
37 Points Posted on 17 March 2023
A nbfc has main income from interest and other income from share market.Is it possible to set off loss from share market from income from interest or vice versa??
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On 17 March 2023 at 13:00 Report
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This discussion explores whether an NBFC can offset losses from share market activities against its interest income, or vice versa. While losses from derivative trading can be set off against business income, losses from trading in shares generally cannot be offset against business income.

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CA Job
606 Points Posted on 17 March 2023

Loss on trading in derivatives can be set off against business income.,

Loss from trading in shares cannot be set off with business income

 

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On 17 March 2023 at 15:06
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Profession Business
28246 Points Posted on 17 March 2023
No not possible
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On 17 March 2023 at 17:21

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