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Losses on currency derivatives transactions

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(Querist)
08 July 2014 Whether losses incurred on Currency derivaties transactions can be set off against Profit made on Equity Derivaties Transactions or Normal business profit?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
08 July 2014 yes it is allowed...................................
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Cavimal

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Cavimal (Querist)
08 July 2014 Will you please elaborate that why it is not considered as a Speculation Business?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
08 July 2014 if sec 43 (5) is applicable then its not speculation.
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Rupesh Jain

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Rupesh Jain (Expert)
08 July 2014 if it is cover under 43(5) then not come under speculation business income.

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