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Income Tax - Highlights / Catch Notes

Home Highlights April 2018 Year 2018 This

As derivative transactions being separate from trading in ...

Income Tax

April 17, 2018

As derivative transactions being separate from trading in shares, provisions of Explanation to Section 73 will not be applicable to such transactions and hence, the loss incurred by the assessee in derivative transactions through recognised stock exchange has to be set off against other business income as per provisions of the Act. - HC

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