Regarding non speculative business

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SUJITH GUPTHA (Querist)
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29 March 2014 Hi to all

1.pls explain me about the meaning of non speculative business and speculative business

2.is a polymer manufacturing business comes under speculative or non speculative?

3.for the Fy 2011-12 if i got loss in that business could i setoff it against houseproperty income

Harsha goyal

Harsha goyal (Expert)
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29 March 2014 Speculative business is one where there is business where any delivery is not affected like derivatives, shares etc. A polymer manufacturing business is a non speculative business. Loss in such business can be claimed against house property income.