10 December 2013
please, help me about tax implications on futures & options . And also methology for calculation of tax on it.
Thanks, in advance for valuable suggestions
10 December 2013
You are the first person requiring the methodology of tax calculation which indicates a good profit situation. . It's normal business profit. Calculate tax by applying normal tax rate (or slab rates). No special rate or methodology has been prescribed. . Just cheque the turnover-which totals of profits and losses in all contracts entered during the FY. .
CAclubindia
