CBDT: Losses from MCX commodity futures/options not speculative; treated as business losses under Income Tax Act, Section 43(5).

CBDT: Losses from MCX commodity futures/options not speculative; treated as business losses under Income Tax Act, Section 43(5). https://www.taxtmi.com/highlights?id=46919 Loss from derivative transactions in Commodity Futures and Options - speculative loss OR not - CBDT, on 22nd May 2009, recognizing MCX as recognized Stock Exchange for the purpose of section 43(5) - recognition by the Central Govt. of the Stock Exchange from a later date will not debar the transaction as non-speculation, especially after 1st April 2006 - treated as normal business loss en-us Mon, 03 Jun 2019 09:39:54 +0530 Mon, 03 Jun 2019 09:39:54 +0530 TaxTMI RSS Generator CBDT: Losses from MCX commodity futures/options not speculative; treated as business losses under Income Tax Act, Section 43(5). https://www.taxtmi.com/highlights?id=46919 Loss from derivative transactions in Commodity Futures and Options - speculative loss OR not - CBDT, on 22nd May 2009, recognizing MCX as recognized Stock Exchange for the purpose of section 43(5) - recognition by the Central Govt. of the Stock Exchange from a later date will not debar the transaction as non-speculation, especially after 1st April 2006 - treated as normal business loss Highlights Income Tax Mon, 03 Jun 2019 09:39:54 +0530 https://www.taxtmi.com/highlights?id=46919