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Currency Trading as Business Loss

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 May 2011 Is there any citation with respect to currency trading allowance as business loss in ITAT or high courts or supreme court???
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
30 May 2011 No case law as yet but since the trades are done on recognised stock exchange the same is non speculation business loss in terms of section 43(5).

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