Bussiness Loss of Derivatives, F & O
This query is : Resolved
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
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
02 December 2008
Transfer of derivatives - Not a Speculative transaction.
It can be set off only against respective capital Gain transactions.
It can be set off only against respective capital Gain transactions.
03 December 2008
BEFORE 2005 DERIVATIVE loss was a speculation loss
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