Wednesday, December 5, 2018

Loss from derivative is a normal business loss and not speculation loss

IT: Loss incurred on account of derivatives would be deemed business loss under proviso to section 43(5) and not speculation loss and, hence, Explanation to section 73 could not be applicable; and such loss would be set off against income from business

from www.taxmann.com Latest Case Laws https://ift.tt/2APRlc3
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