Can speculation loss be set off against non-speculation ?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 February 2010
Dear Sir,
Can Speculation business loss from F&O and put & call option be set off against regular business income of the assessee?
Can Speculation business loss from F&O and put & call option be set off against regular business income of the assessee?
05 February 2010
No
05 February 2010
Speculation loss can be set off only against speculation income and it can be carried forward for 4 years.
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