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Capital gain on profit from futures and options

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 November 2011 What is the treatment of profit/loss on derived from futures and options.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
03 November 2011 The profit or loss is treated as normal Business Income.
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Querist : Anonymous

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Querist : Anonymous (Querist)
03 November 2011 under which section of it act
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VISHRUT

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VISHRUT (Expert)
03 November 2011 It will be profit from capital gain if it is not main activity of assessee.
otherwise it will be considered as business and profession.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
03 November 2011 Please Refer Section 43(5)(d) and Explanation.

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