Commodity loss (mcx)
This query is : Resolved
13 January 2014
FOR A PRIVATE LIMITED CO.
THE COMPNAY IS DEALING IN SHARE & SECURITIES (NSE,BSE,MCX)
THE COMPANY HAS A COMMODTY LOSS OF RS.1,00,000/-, AND F&O PROFIT OF RS.50,000/-
AND INTEREST INCOME OF RS.50,000/-
I WANT TO KNOW CAN THE COMMODITY LOSS BE SETOFF OR ADJUSTED AGAINST F&O + INTEREST INCOME....REGARDS
THE COMPNAY IS DEALING IN SHARE & SECURITIES (NSE,BSE,MCX)
THE COMPANY HAS A COMMODTY LOSS OF RS.1,00,000/-, AND F&O PROFIT OF RS.50,000/-
AND INTEREST INCOME OF RS.50,000/-
I WANT TO KNOW CAN THE COMMODITY LOSS BE SETOFF OR ADJUSTED AGAINST F&O + INTEREST INCOME....REGARDS
13 January 2014
As per my opinion loss can be setoff against f&o profit and not against interest income.
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