Future & Option transactions
This query is : Resolved
09 July 2009
Please tell me the treatment of F&O trnsactions.Whether it is a speculation business or an ordinary one for carry forward of business losses.Kindly specify notification no (if any) in this regard.
Regards
CA Sameer Upadhyay
Regards
CA Sameer Upadhyay
09 July 2009
It is non speculative income vide proviso (d) of sub section 5 of section 43 of the Income tax Act,1961.
09 July 2009
agree
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