Tax Connect
madhuvridhi
Tag: Business Income
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Reporting of income from letting out of house property under ‘Income from House Property’ – Budget 2024
Reporting of income from letting out of house property under ‘Income from House Property’
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Loss from derivative is a normal business loss and not speculation loss
IT: Loss incurred on account of derivatives would be deemed business loss under proviso to section 43(5) and not speculation loss and, hence, Explanation to section 73 could not be applicable; and such loss would be set off against income from business IT: Disallowance under section 14A could not exceed exempt dividend income itself