Tax on Derivative transaction
This query is : Resolved
23 December 2008
Whether gain on derivative transaction is a Capital Gain or Business Profit (PGBP)?
23 December 2008
Capital gain.
24 December 2008
It depends on the motive behind the transactions.
If it is done with an intention to make profits - PGBP
If intention is investment and gain realized lateron, it iscapital gain.
If it is done with an intention to make profits - PGBP
If intention is investment and gain realized lateron, it iscapital gain.
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