Please explain in brief Speculative and non Speculative business.
Loss from Speculative business can be set off against profit from an non Speculative business or not please explain in brief.
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Speculative and non Speculative business
Replies (2)
Refer: 1. /forum/speculative-non-speculative-business-57258.asp
2. https://orange.taxsutra.com/articles/639670b576d2dae02d4db2f87da8e3/expert_article
speculative business loss cannot set-off with the non speculative business profit, but the non speculative business loss can be set off with speculative business profit.
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