Tax Hit For Cos With Derivatives Trades
  • Prabha Hegde
  • Jul 19 2013

July 19: The Delhi High Court has delivered a significant tax blow to companies that trade in derivatives. The court has ruled that losses incurred from derivatives cannot be set-off against any other income and added that it would be treated as a speculation loss. Bloomberg TV India talks to Sunil Jain, Partner at law firm JSA, about the implications of this case.