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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 .....

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. 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 .....

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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 .....

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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 .....

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