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Derivatives

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(Querist)
21 November 2013 if I am trading only in derivatives, can I consider it as my capital asset? if yes then under which section? If no then under which head the gain or loss should be taxed?please elaborate
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
21 November 2013 i dont think so. Anyways derivatives get over before an year.

since you are trading in derivatives, anyways you shall be taxed under "income from business/profession".

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