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Nature of loss

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(Querist)
02 November 2009 If Shares are traded by a person (non broker) on delivery basis what is the nature of the loss speculative or non speculative. Whether loss can be set off against othr business income.
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CA. Bikash Bogi

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CA. Bikash Bogi (Expert)
02 November 2009 Speculative...........Loss cannot be setoff against other income...

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