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Derivatives Trading

This query is : Resolved 
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(Querist)
28 March 2009 Will trading in derivatives be treated as speculation profit or non speculation profit from business
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
28 March 2009 As per section 43(5)(d)of the Income tax Act,1961,w.e.f 1/4/2006, trading in derivatives is not a speculative transaction.
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
29 March 2009 not speculative
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