speculation loss
This query is : Resolved
21 January 2011
sir we have 2 business.1 is ordinary business and other is speculative i.e. non delivery base intraday share transaction.in speculation business there is loss.so how we have to show this in ITR-4 P&L part and schedule BP.
23 January 2011
You have to show profit from one business and show loss from other business and Net of both bussiness is for the current year Profit/ Loss
24 January 2011
Sir but how we can set off the speculation loss from regular business profit and particularly how we have to present the speculation loss in ITR-4?
26 January 2011
You have to show in your computaion first profit from first business than show loss from second business then net amount is income/ loss from Business or Profession
31 January 2011
THANK YOU.
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