Benefit of set off of loss in share dealing by treating the same ...

Income Tax

November 26, 2019

Benefit of set off of loss in share dealing by treating the same as business loss - what constitutes principal business will essentially depend on the facts and circumstances of each case - the principal or dominant business of the assessee was granting loans & advances and thereby the assessee falls outside the ambit of the Explanation to Sec. 73

View Source

← Previous Next →

Benefit of set off of loss in share dealing by treating the same ...

Income Tax

November 26, 2019

You may also like:

Set off & Carry forward business loss - change in share holding - share application money not to be considered for determination of percentage of share holding - AT

For the purpose of setting off of losses, the whole business should be treated as one business - AT

Set-off of losses in share trading - The assessee would not be deemed to be carrying on a speculation business for the purpose of section 73(1) - HC

Trading on MCX - Speculative loss - set off against the business income - section 43(5)(c) - the transactions in nature of jobbing not to be treated as speculative...

Set off of losses against income from STP units - the loss from other business activities should not be set off against profits derived from eligible industrial undertaking - AT

Carry forward of the loss - loss as claimed by the assessee treating the same as excess application of loss u/s.11 - set off allowed - AT

Entitlement to set off the brought forward business loss against the rental income, car and computer hire charges and the commission income - set off allowed - HC

Set off of long term capital loss from sale of shares off market against the long term capital gain on sale of land allowed.

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...

Assessing Officer directed to allow set off of current year's business loss as well as the brought forward business loss/unabsorbed depreciation against the income...

Quick Updates: