speculation loss

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JAWAHAR (Querist)
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09 August 2010 This is in reply to some points asked by expert Mr.Aditya Maheswary to my previous query. The client is an INDIVIDUAL. He has done Intraday business and trading. Kindly solve my query in all parts...
Thank you, If possible kindly give ur mailid...

Aditya Maheshwari

Aditya Maheshwari (Expert)
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09 August 2010 In case of individual intra day trading the loss will be speculation loss and will not be set off against other business income.

Incase of delivery trading the loss will be normal business loss and hence the same can be set off against other business income of franchisee.