Poonawalla fincorp
Poonawalla fincorp

Setoff of Loss on Commodity Transactions

This query is : Resolved 
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(Querist)
16 June 2009 I would like to know, whetehr i can setoff loss on commodity transactions against my normal business income.
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
24 June 2009 if commodity transactions are in nature of speculative business than u can not set off

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