https://www.taxtmi.com/acts?id=4271 Losses from a speculation business may be set off only against profits and gains of another speculation business; any unrelieved loss may be carried forward and set off against future speculation profits. The special carry forward regime is governed by the Chapter and section 72(2) on depreciation and scientific research allowances applies to speculation business. A deeming provision treats purchase and sale of shares by specified companies as speculation business to the extent of that activity. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 12:02:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4271 Losses from a speculation business may be set off only against profits and gains of another speculation business; any unrelieved loss may be carried forward and set off against future speculation profits. The special carry forward regime is governed by the Chapter and section 72(2) on depreciation and scientific research allowances applies to speculation business. A deeming provision treats purchase and sale of shares by specified companies as speculation business to the extent of that activity. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4271