futures & options

This query is : Resolved 

25 August 2009 The loss on FNO , whether could be adjusted against other business income?
Kindly reply

25 August 2009 no..F & O is without delivery..so it cums under speculation..and cannot be adjusted against business income..

25 August 2009 Eligible transactions on futures and options carried out in a recognized stock exchange is not a speculative transaction. Ref:- proviso (d) of section 43(5) of The Income tax Act,1961.


25 August 2009 yes, as it is not a speculative transaction

25 August 2009 Agree with Warrier Sir.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries