13 June 2011
If one person having business income ( other then share market ) & if he incurred trading loss in shares can it be set off agst business profit. I also want to STT, Service tax stamp duty etc can also be carried forward as loss or set off agst business income.
13 June 2011
If that loss arises in a speculative transaction then that loss can be set off only against profit arising in a speculative transaction.If not it can be set off.
CAclubindia
