Subscription   Feedback   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Articles Highlights TMI Notes SMS News Newsletters Calendar Imp. Links Database Experts Contact us More....
Extracts
Home List
← Previous Next →

Section 73 - Losses in Speculation Business

Income Tax - Set off and Carry forward of Losses - 07 - SECTION - 73: LOSSES IN SPECULATION BUSINESS The loss of speculation business of any AY is allowed to be set off only against the profits and gains of another speculation business in the same AY .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

. Section 43(5): defines a Speculative Transaction to mean a transaction in which a contract for purchase or sale of any commodity, including stocks and shares is periodically or ultimately settled otherwise than by actual delivery or transfer of the .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

rbed capital expenditure on scientific research, the effect shall first be given to provisions of section 73 i.e. carried forward of speculation loss shall be first set off. Loss from derivative trading shall be treated as loss from non-speculative b .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

med to be carrying on a speculation business to the extent to which the business consists of sale and purchase of shares. This shall not apply to the following companies: Investment Company i.e. the company whose total income mainly consists of incom .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

what is new what is new
  ↓     bird's eye view     ↓  


|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version