Section 73 → Section 94
Losses in speculation business
Quick Answer
Section 73 of the Income Tax Act, 1961 (Losses in speculation business) corresponds to Section 94 of the Direct Tax Code 2025 (Income-tax Act, 2025), effective 1st April 2026. Status: Retained.
Sec 73
Provision Summary
Loss from speculation business can only be set off against profit from speculation business and carried forward for 4 years.
Sec 94
Provision Summary
Retained verbatim. Intraday equity trading remains classified as speculative.
Key Changes & Highlights
- No change in the 4-year limit.
Related Sections
Frequently Asked Questions
What does Section 73 of the Income Tax Act 1961 deal with?
Section 73 (Losses in speculation business) Loss from speculation business can only be set off against profit from speculation business and carried forward for 4 years.
What is the new section number for Section 73 under the Direct Tax Code 2025?
Section 73 of the ITA 1961 maps to Section 94 of the Direct Tax Code 2025 (Income-tax Act, 2025), effective from 1st April 2026.
What is the status of Section 73 under the new tax code?
Section 73 is marked as "Retained" with status "Active". Impact: High - Ring-fences intraday stock trading losses.
What are the key changes to Section 73 under DTC 2025?
No change in the 4-year limit.
Disclaimer: This page is for educational and reference purposes only. Section mappings are based on publicly available drafts and circulars. Always consult a qualified Chartered Accountant before filing or making compliance decisions under the Direct Tax Code 2025.
Need professional help on Section 73?
Compare trusted providers — both offer DTC 2025-ready CA services.
*Affiliate links — we may earn a small commission at no extra cost to you. Disclosure.
Want to calculate tax on this section?