Foreign currency hedging profit
This query is : Resolved
04 February 2012
dear sir,
i want to know about the tax liability of the foreign currency hedging and F&O transaction.
whether it is consider as normal business profit or as speculation profit or as STCG/LTCG
please provide us your valuable advise.
i want to know about the tax liability of the foreign currency hedging and F&O transaction.
whether it is consider as normal business profit or as speculation profit or as STCG/LTCG
please provide us your valuable advise.
04 February 2012
In my view it shall be speculation profit.. would suggest you to also refer section 43(5)..
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