REGARDING NIFTY FUTURE & OPTIONS TAXABALITY
This query is : Resolved
17 July 2022
Whether Future & options charge under the head of PGBP or under the head of Capital Gains ?
If it is taxable under PGBP then can we set margin of 8% of turnover ?
And turnover will be the Net Gain/Loss of the F&O ( Sales - Purchase )
If it is taxable under Capital Gain then it will be taxable at flat rate of 15% ?
If it is taxable under PGBP then can we set margin of 8% of turnover ?
And turnover will be the Net Gain/Loss of the F&O ( Sales - Purchase )
If it is taxable under Capital Gain then it will be taxable at flat rate of 15% ?
17 July 2022
Future & options charge under the head of PGBP opt for 44AD on 6% of turnover.
Turnover is sum of gain and losses.
Turnover is sum of gain and losses.
17 July 2022
if an individual is a salaried person then also it will charged under PGBP ?
17 July 2022
Yes, it will be PGBP.
18 July 2022
What if we want to treat as capital gains ?
18 July 2022
F & O can't be treated as capital gains.
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