Tag Archives: Section 43(5)(d)

Derivatives Loss not Speculative can be set off against brokerage income

By | November 4, 2015

Issue :– The Assessing Officer held that the loss of Rs.26,63,131/- suffered by the assessee on account of share trading as share broker is not a business loss, but speculative loss as per Explanation to Section 73 and as per Explanation 2 to Section 28 and set off against the income from the business of… Read More »