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Income Tax - Highlights / Catch Notes

Home Highlights November 2019 Year 2019 This

The loss could not be qualified as Speculative, because it was ...

Income Tax

November 27, 2019

The loss could not be qualified as Speculative, because it was incurred by the assessee in the trading conducted in derivatives and since the derivative trading was carried out through authorized members of the recognized Stock Exchanges, as per clause (d) of the Explanation to section 43(5) it did not constitute “Speculative transaction”

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