Set off of loss of share trading

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150 Points Posted on 23 September 2021
Could losses of share trading set off with profit of textile business
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On 23 September 2021 at 01:01 Report
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This discussion clarifies whether losses from share trading can be offset against profits from a textile business. Generally, losses from Futures and Options (F&O) trading can be set off. However, losses from intraday trading cannot be offset in this manner. Losses from specified trading activities are considered specified business losses and can be set off against profits from other specified businesses.

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SEO Sai Gr. Hosp.
212503 Points Posted on 23 September 2021

If its from F&O trading, then YES.

If loss is from Intraday trading, then not allowed.

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On 23 September 2021 at 05:59
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Chartered Accountant
24588 Points Posted on 23 September 2021
No it's a specified business loss so set off against profit of specified business
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On 23 September 2021 at 06:01
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150 Points Posted on 23 September 2021
Okay thank you
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On 23 September 2021 at 16:44
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Chartered Accountant
24588 Points Posted on 26 September 2021
Your welcome
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On 26 September 2021 at 10:48

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