Set off and carry forward of losses computed in respect of speculation business.
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....ainst profits and gains of another speculation business. (2) Where for any tax year, loss computed in respect of a speculation business cannot be wholly set off under sub-section (1), so much of the loss not so set off or the whole loss, as the case may be, shall be carried forward to the following tax year and- (i) be set off against the profits and gains, if any, of any speculation business c....




TaxTMI
TaxTMI