whether F& O is a speculative or ordinary business. for how many years we can carry forward loss from F&O business
Saurabh Toshniwal (ca final) (2363 Points)
08 December 2014whether F& O is a speculative or ordinary business. for how many years we can carry forward loss from F&O business
Audit Executive
(taxation)
(186 Points)
Replied 08 December 2014
F & O done on Recognise stock exchange are not speculation business.
So loss can be forward for 8 yr.
see what other say
Audit Executive
(taxation)
(186 Points)
Replied 08 December 2014
if it is eligible transaction U/s 43(5)
but if it is mark to market loss than while assessing income it is to add back
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)