https://www.taxtmi.com/acts?id=51644 Losses from a speculation business may be set off solely against profits of other speculation businesses and, if not fully absorbed, carried forward to be set off only against future speculation profits within a limited number of succeeding tax years. Carryforward of related allowances is to be effected after applying these set off rules. For companies, purchase and sale of other companies' shares is deemed speculation business to the extent of that activity, subject to specified exclusions for entities with chiefly different income heads or whose principal business is share trading, banking, or lending. en-us Thu, 14 Aug 2025 10:47:25 +0530 Tue, 26 Aug 2025 16:54:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51644 Losses from a speculation business may be set off solely against profits of other speculation businesses and, if not fully absorbed, carried forward to be set off only against future speculation profits within a limited number of succeeding tax years. Carryforward of related allowances is to be effected after applying these set off rules. For companies, purchase and sale of other companies' shares is deemed speculation business to the extent of that activity, subject to specified exclusions for entities with chiefly different income heads or whose principal business is share trading, banking, or lending. Act-Rules Income Tax Thu, 14 Aug 2025 10:47:25 +0530 https://www.taxtmi.com/acts?id=51644