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of <h1>Amendment to Section 73: Share Trading Companies Excluded from Speculation Loss Restrictions Effective April 2015</h1> Clause 26 of the Finance (No. 2) Bill, 2014 proposes an amendment to section 73 of the Income-tax Act. The amendment changes the Explanation in section 73 to include companies whose principal business is trading in shares alongside banking. Previously, section 73 specified that losses from a speculation business could only be set off against profits from another speculation business. The amendment clarifies that companies primarily engaged in share trading are not subject to these restrictions. This change is effective from April 1, 2015, applicable to the assessment year 2015-16 and subsequent years.
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