Speculation Business?
This query is : Resolved
28 August 2009
A company is dealing in trading of shares. It is also simultaneously doing transactions in F & O (Speculation). My query is whether both the business will be considered seperate i.e. one of normal business of share trading & other of Speculation. If yes then i believe the loss from F & O shall not be allowed to be set off against the normal business. Is this view correct?
28 August 2009
If the primary business of the company is trading in shares and fno...its a normal business income/loss.
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