Thursday, December 19, 2019

Loss from delivery based share trading can be set off against profit from derivative transactions in F&P segment

IT : Explanation to section 73 does not differentiate between 'delivery based transactions' and 'derivative transactions in F&O segment' and same applies to entire business of purchase and sale of shares, whether such trading is delivery based or non-delivery based, whether there is profit or loss from such business - Aggregation of share trading loss and profit from derivative transaction should be done before application of Explanation to section 73 and when there is surplus profit on such agg

from www.taxmann.com Latest Case Laws https://ift.tt/2PC6Wo2

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