Set off of loss of share transaction

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HASAN JOKHIYA (Querist)
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09 May 2014 F&O ( FUTURE OPTION )' LOSS CAN BE SET OFF AGAINST COMMODITY PROFIT AND VICE-VERSE ???????

WHETHER IT IS BUSINESS INCOME OR SPECULATIVE BUSINESS INCOME ???
THERE IS TRADING OF PURCHGASE AND SALE SHARE

Aditya Maheshwari

Aditya Maheshwari (Expert)
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09 May 2014 Yes it can be set off. F & O in shares is non speculative business income.

HASAN JOKHIYA

HASAN JOKHIYA (Querist)
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09 May 2014 Commodity profit is also non speculative business income na
AND F&O'loss or profit is it non speculative or speculative business?

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HASAN JOKHIYA

HASAN JOKHIYA (Querist)
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09 May 2014 Commodity profit is also non speculative business income na
AND F&O'loss or profit is it non speculative or speculative business?

Aditya Maheshwari

Aditya Maheshwari (Expert)
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10 May 2014 w. e. f. 01st July, 2013 trading in commodities F & O is also non speculative business income if traded on a recognised stock exchange in India. F & O in shares is non speculative.

HASAN JOKHIYA

HASAN JOKHIYA (Querist)
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10 May 2014
thanx
dear Aditya