Derivatives Sale Losses Can Offset Regular Business Income Under Explanation to Section 73(4) of Income Tax Act.

Derivatives Sale Losses Can Offset Regular Business Income Under Explanation to Section 73(4) of Income Tax Act. https://www.taxtmi.com/highlights?id=40026 Set off of loss - speculation loss or not - loss (on account of sale of derivatives) would be allowed to be set off against income arising out of proper business because derivatives were treated differently within meaning of Explanation to section 73(4) and not at par with the shares en-us Thu, 21 Jun 2018 06:24:11 +0530 Thu, 21 Jun 2018 06:24:11 +0530 TaxTMI RSS Generator Derivatives Sale Losses Can Offset Regular Business Income Under Explanation to Section 73(4) of Income Tax Act. https://www.taxtmi.com/highlights?id=40026 Set off of loss - speculation loss or not - loss (on account of sale of derivatives) would be allowed to be set off against income arising out of proper business because derivatives were treated differently within meaning of Explanation to section 73(4) and not at par with the shares Highlights Income Tax Thu, 21 Jun 2018 06:24:11 +0530 https://www.taxtmi.com/highlights?id=40026