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Derivatives

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(Querist)
20 July 2010 Please tel me the implication of Short term capital loss out of derivatives (set off such loss) and tel me the section also.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
20 July 2010 Derivatives loss is normal business loss as stated u/s 43(5) and not STC loss.

It can be set off against any other income in the year except salary and in next year against business income only.

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