Hey anyone can help me with a query..
can loss of normal business set off against profit form speculative profit..??
pls give source with you answer..(caselaw if any or link from where i can read oabout it.
Thanks
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Sett off business loss
Replies (2)
yes it can be. as per section 72 of income tax act,1961
Yes possible
kindly go through the below link
/articles/details.asp?mod_id=934
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