Capital gain quarry

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CA Abhishek Malpani (Querist)
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30 July 2011 Whether derivative income wil be taxable as normal business income & loss cab be set off against other business income?

CA PARAS BAFNA (Expert)
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30 July 2011 Yes . Treat it as normal business income.
Set off of loss in it is possible against any other income except Salary Income.

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