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11 September 2010 whether loss from Business or profession can be set off from Speculation profit?
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CMA. Dinesh S Adhikari, ACMA

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CMA. Dinesh S Adhikari, ACMA (Expert)
11 September 2010 Yes, Loss of Non-speculations business can be set-off with Profit of Speculations business but vice-versa is not allowed(Sec 70)

Regards!!!
Dinesh S. Adhikari

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