derivative tax rate along with section/reference...
This query is : Resolved
25 June 2007
i want to know the applicability of tax rate to derivative & future & option along with if any caselaw,section refernces????
26 June 2007
As per CBDT guidlines income from futures and options are considered as income from busniess and profession. Therefore rate will be 30% + surcharges + EC in case of company and slab rate in case of individual.
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