F * o to firm ?

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Querist : Anonymous

Querist : Anonymous (Querist)

22 January 2012 can partnership firm allow to do f & o transaction?
is it allow by income tax & co law?

CA. Hari Kishan

CA. Hari Kishan (Expert)
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23 January 2012 A firm can do trading in Future and option. A firm is recognized as a separate legal person. Hence there are no restriction in my view for a firm to trade in F&O.

Further there are no restriction placed by Income tax on a firm on trading in F&O. Lastly firm is not governed by company law.

Querist : Anonymous

Querist : Anonymous (Querist)

25 January 2012 can company allow to do f & o transaction?

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