its clear that speculative loss can only be set off with speculative income
but my question is that whether other business loss can be set off with speculative income
plz answer
( justify your answer too)
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Speculative income
Replies (1)
BUSINESS LOSS CAN BE SET OFF AGAINST SPECULATIVE INCOME.
CARRY FORWARD BUSINESS LOSS ALSO CAN BE SET OFF AGAINST SPECULATIVE INCOME.
REGARDS,
DEVENDRA P KULKARNI
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