A company is dealing in trading of shares. It is also simultaneously doing transactions in F & O (Speculation). My query is whether both the business will be considered seperate i.e. one of normal business of share trading & other of Speculation. If yes then i believe the loss from F & O shall not be allowed to be set off against the normal business. Is this view correct?
3 Replies
laxman suthar
(Asst. Manager Taxtation )
(329 Points)
Replied 28 August 2009
trading in share is non- speculation business. u r right
Chintan Vasa
(CA Final Student M.Com)
(1241 Points)
Replied 28 August 2009
I also know that but my query is whether F&O speculation
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