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.
Menu
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.
Recent Threads
- Clubbing of income on ULIP
- ITR2 Processing Delay
- TDS demand payment notice
- Invoice NOT in 2B but showing in 2A, and supplier
- Is ITC available on VRF AC
- Capital gains on sale of furnished flat
- Heard & Seen Around – Your Daily Economi
- Gst interest and penalty doubts regarding missing
- Import of goods IMS telated
- ITR 6 submitting Problem
Related Threads
CAclubindia
