https://www.taxtmi.com/article/detailed?id=229 Deemed speculative business treats purchase and sale of allotted shares of other companies by certain companies as speculative business, restricting losses to set off only against speculative income and shortening carryforward. The fiction excludes genuine capital gains on investments and does not apply to rights to allotment, debentures, mutual fund units, cooperative society shares, detachable warrants, pre incorporation joint stock shares, allotments on application, conversion or corporate restructuring, forfeiture, company's own share dealings, or mere valuation driven stock in trade write downs absent actual sale. en-us Wed, 19 Nov 2008 00:00:00 +0530 Wed, 19 Nov 2008 10:40:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=229 Deemed speculative business treats purchase and sale of allotted shares of other companies by certain companies as speculative business, restricting losses to set off only against speculative income and shortening carryforward. The fiction excludes genuine capital gains on investments and does not apply to rights to allotment, debentures, mutual fund units, cooperative society shares, detachable warrants, pre incorporation joint stock shares, allotments on application, conversion or corporate restructuring, forfeiture, company's own share dealings, or mere valuation driven stock in trade write downs absent actual sale. Articles Income Tax Wed, 19 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=229