Capital gain on profit from futures and options
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 November 2011
What is the treatment of profit/loss on derived from futures and options.
03 November 2011
The profit or loss is treated as normal Business Income.
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 November 2011
under which section of it act
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.
otherwise it will be considered as business and profession.
03 November 2011
Please Refer Section 43(5)(d) and Explanation.
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