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loss by commodity

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(Querist)
06 April 2011 dear sir can i adjust loss by commodity from business income
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CA KRISHNA KUMAR DARUKA

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CA KRISHNA KUMAR DARUKA (Expert)
07 April 2011 Loss from commodity if it has been incurred without taking delivery of the commodity, then it will be regarded as a speculative loss and cannot be adjusted against normal business profits.

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