Can a loss on rollover of forward contract for hedging purpose be set-off against short term capital gain from mutual funds?
akash agarwal (student) (85 Points)
25 September 2012Can a loss on rollover of forward contract for hedging purpose be set-off against short term capital gain from mutual funds?
CA Harsh Lunia
(Audit)
(81 Points)
Replied 26 September 2012
If the hedging contract is for speculative purpose, then it cannot be set off against non speculative income.
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