https://www.taxtmi.com/manuals?id=1190 Speculation business loss may be set off only against speculation-business profits and, if unabsorbed, carried forward for up to four immediately succeeding tax years. Under Section 113, the restriction applies to all assessees carrying on speculation business, and speculation loss is adjusted before specified carried-forward allowances. Companies dealing in shares may be deemed to conduct speculation business, subject to exclusions for companies principally engaged in share trading, banking, or loans and advances, and companies deriving income mainly from specified passive heads. en-us Tue, 15 Sep 2015 15:38:00 +0530 Thu, 16 Jul 2026 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1190 Speculation business loss may be set off only against speculation-business profits and, if unabsorbed, carried forward for up to four immediately succeeding tax years. Under Section 113, the restriction applies to all assessees carrying on speculation business, and speculation loss is adjusted before specified carried-forward allowances. Companies dealing in shares may be deemed to conduct speculation business, subject to exclusions for companies principally engaged in share trading, banking, or loans and advances, and companies deriving income mainly from specified passive heads. Manuals Income Tax Tue, 15 Sep 2015 15:38:00 +0530 https://www.taxtmi.com/manuals?id=1190