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Bussiness Loss of Derivatives, F & O

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(Querist)
02 December 2008 Dear All

Pl help me as regards to following,

is Bussiness loss from derivative, F & O is in the nature of Speculative Loss ?????

if yes/no

Can it set off against current year's Non speculative Bussiness Profit ??

pl Help Me all.....

Thanks

Amit H Dakshinee
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Ravikumar.G

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Ravikumar.G (Expert)
02 December 2008 Transfer of derivatives - Not a Speculative transaction.

It can be set off only against respective capital Gain transactions.
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CA. Amit Daga

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CA. Amit Daga (Expert)
03 December 2008 BEFORE 2005 DERIVATIVE loss was a speculation loss
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