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Income Tax - Highlights / Catch Notes

Home Highlights May 2014 Year 2014 This

Non-assessment of losses incurred in the business of share ...

Income Tax

May 3, 2014

Non-assessment of losses incurred in the business of share trading – Speculation loss - Assessee itself had failed to bifurcate its classes of income appropriately, though some of it pertained to speculative business - AT

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  8. Nature of loss - business loss or speculation loss - trading in derivatives i.e. F&O of shares - The contract note clearly revealed that the transactions were supported...

  9. Assessment of Business loss in Share trading as capital gains - set off of Brought forward business losses - assessee is engaged in the business of share trading and...

  10. Speculation or non speculation loss (Business Loss) - loss incurred on futures and options (derivative transactions) - Section 43(5)(d) of the Act should have to be...

  11. Share trading loss - business loss OR speculation loss - the funds deployed in the business of granting loans and advances by the Assessee was more over a number of AYs....

  12. Income earned from trading in Shares, Future and Options and derivatives - speculative business or not - Assessee has shown better income from sale and purchase of...

  13. Loss on account of Mark to Market - Speculation or non speculation loss - the gross total income mainly consists of income from house property, income from capital...

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