CA Day celebration 2024 Easy Office
LCI Learning

Heads Of Income

This query is : Resolved 
Profile Image

Profile Image

(Querist)
13 November 2010 what is difference between day trading of shares and f & o business. in which head the above transaction are taxable and why ?
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
13 November 2010 Income fro f & o may be considered under the head "Income from business or Profession" by virtue of proviso (d) to section 43(5) of the IT Act,1961.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CA Day celebration 2024 with Tally CCI Pro

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links