derivatives income taxation

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sanndhya

sanndhya (Querist)
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13 June 2017 how is income generated from derivatives trading is taxed?

Amol S Joglekar

Amol S Joglekar (Expert)
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12 July 2017 the net value of the transaction is taken into account. If the same (without assigning any +ve or -ve sign) exceeds the 44AB limit, then tax audit is applicable.

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