|Question And Answer|
|Subject:||Whether brought forward non speculative business loss can be adjusted against current year’s income from speculation?|
|Answered by:||Advocate Rahul Hakani|
|Tags:||brought forward non speculative business loss, set off of non speculation loss, Speculation income|
|Date:||May 17, 2021|
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Whether brought forward non speculative business loss can be adjusted against current year’s income from speculation?
No since as per S.73(1) speculative loss can be set off only against speculative profit.
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