TAX TREATMENT FOR CALLS & PUTS AND F&O TRANSACTIONS IN 10-11

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Querist : Anonymous (Querist)

02 June 2011 HOW TO TREAT CALL & PUTS TRANSACTIONS AND F& O TRANSACTIONS IN BOOKS OF ACCOUNTS AND TAX COMPUTATION STATEMENT?? P/L FROM THIS TRANSACTIONS IS BUSINESS,SPECULATIVE OR CAPITAL GAIN ETC???

Aditya Maheshwari

Aditya Maheshwari (Expert)
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02 June 2011 For accounting part see this link
https://www.caclubindia.com/share_files/guidance-note-on-accounting-for-futures-options-28916.asp

Trding In F & O in shares are treated as non speculation business income.