https://www.taxtmi.com/acts?id=49111 Losses from a speculation business may be set off only against profits of other speculation businesses; unabsorbed losses become unabsorbed speculation business loss that can be carried forward and set off only against future speculation business profits and not beyond four succeeding tax years, and such unabsorbed losses must be applied before other carried forward allowances. en-us Fri, 14 Feb 2025 16:54:38 +0530 Fri, 14 Feb 2025 16:54:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49111 Losses from a speculation business may be set off only against profits of other speculation businesses; unabsorbed losses become unabsorbed speculation business loss that can be carried forward and set off only against future speculation business profits and not beyond four succeeding tax years, and such unabsorbed losses must be applied before other carried forward allowances. Act-Rules Bills Fri, 14 Feb 2025 16:54:38 +0530 https://www.taxtmi.com/acts?id=49111