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Tax on Derivative transaction

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(Querist)
23 December 2008 Whether gain on derivative transaction is a Capital Gain or Business Profit (PGBP)?
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
23 December 2008 Capital gain.
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CA Mani

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CA Mani (Expert)
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.
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