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Business Loss

This query is : Resolved 
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(Querist)
17 January 2011 Dear Sir,

Is speculative loss of firm is adjustable from business income. mainly patnership firm is taking franchies of share market (mainly income from brokerage) is adjustable from there business income or not?
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Guest (Expert)
17 January 2011 speculative loss of firm cannot be adjusted against any other income

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