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Future and option

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(Querist)
24 November 2011 what does the future and option exactly means and what is the treatment in income tax if we incurred loss or earn profit????

plz someone reply!!!!
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Prof. Bajaj

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Prof. Bajaj (Expert)
28 November 2011 FUtures and Options are derivatives contracts in the stock market.

The profit or loss made in F&O is treated as normal business income and is treated as per the tax slab of the individual.

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