[aaykarbhavan] Prior to amendment by Finance Act 2013, losses from trading in derivatives were speculative losses

Prior to amendment by Finance Act 2013, losses from trading in derivatives were speculative losses

June 21, 2014[2014] 45 taxmann.com 352 (Mumbai - Trib.)

IT : Prior to 1-4-2014, loss incurred in respect of trading in commodity derivatives was to be treated as speculation loss

IT : Prior to insertion of clause (e) of proviso to section 43(5) which was inserted by Finance Act, 2013 w.e.f. 1-4-2014, loss incurred in respect of trading in commodity derivatites was to be treated as speculation loss

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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