n NISM Certifications
XVIIA NISM Series XVII-A
Medium

Loss on derivative transactions which are carried out in a “recognized stock exchange” can be set off against any other income during the year except _________.

Practice question from Accounting & Taxation of Currency Derivatives Mock Test — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Business income

  2. B

    Income from other sources

  3. Salary Income

    Correct answer

  4. D

    None of the above

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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