1) Can the loss from trading of commoditiesbe set off against the profit from trading of shares in future and options?
2) Whether future & options - trading of shares is a speculative loss or a business loss?
varsha (Article) (98 Points)
25 December 20121) Can the loss from trading of commoditiesbe set off against the profit from trading of shares in future and options?
2) Whether future & options - trading of shares is a speculative loss or a business loss?
CA Sourabh Goenka
(Chartered Accountant)
(249 Points)
Replied 28 December 2012
both are speculative and can be adjusted..
Ramakrishna Kamat
(CA)
(76 Points)
Replied 28 December 2012
Future & options trading in shares is not speculative. Pls go through Section 43 (5).
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