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Income Tax - Highlights / Catch Notes

Home Highlights June 2018 Year 2018 This

Set off of loss - speculation loss or not - loss (on account of ...

Income Tax

June 21, 2018

Set off of loss - speculation loss or not - loss (on account of sale of derivatives) would be allowed to be set off against income arising out of proper business because derivatives were treated differently within meaning of Explanation to section 73(4) and not at par with the shares

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