Business Loss or Speculation Loss ????
This query is : Resolved
05 September 2010
Hello Sir,
one person having loss from F&O.. so how can i treat this loss in income tax returns
i.e.
1) business loss
2) speculation loss
3) short term CG Loss
plz explain. ???
one person having loss from F&O.. so how can i treat this loss in income tax returns
i.e.
1) business loss
2) speculation loss
3) short term CG Loss
plz explain. ???
05 September 2010
F & O from shares & currency - non speculation business loss
F & O in commodities - speculation business los..
F & O in commodities - speculation business los..
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05 September 2010
Continuing Aditya Ji, you may refer proviso (d) of section 43(5) of the Income tax Act,1961 for the details.
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