Derivatives

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 December 2010 Whether Income from Derivatives can be shown as Capital Gain??
and if yes what will be the sale value, Purchase Value, and Treatment of Sale of Option without exercising???

Aditya Maheshwari

Aditya Maheshwari (Expert)
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17 December 2010 no it is business income.

Querist : Anonymous

Querist : Anonymous (Querist)

17 December 2010 1 Why it cannot be treated as Capital Gain
2 Whether Intraday can be shown as CAPITAL Gain as deleivery transactions are shown as capital gain??

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Aditya Maheshwari

Aditya Maheshwari (Expert)
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18 December 2010 let us know how u can treat it as capital gains and show your complex workings in options?

Please read section 43(5) and revert.

Querist : Anonymous

Querist : Anonymous (Querist)

18 December 2010 What about Intraday Trading??

Aditya Maheshwari

Aditya Maheshwari (Expert)
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20 December 2010 read 43(5) AGAIN

no delivery speculative business income.