Speculative loss
This query is : Resolved
13 January 2010
Whether current year's speculative profits can be set off against the current year's non-speculative business loss?
13 January 2010
My,view, It can be set off against Speuclative profit as per Sec.70
14 January 2010
yes it can be done
14 January 2010
Yes it is possible but the reverse is not possible
14 January 2010
yes you can set-off
18 January 2010
According to section 73, loss from speculative business can be set off only against income from speculativebusiness.
Where there is no such conditon imposed on non-speculative business loss for set-off.
Where there is no such conditon imposed on non-speculative business loss for set-off.
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