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tax treatment of derivatives

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(Querist)
21 July 2009 Sir, Please tell me the tax treatment of Derivatives for F.Y. 2008-09 in the return of individual.
Whether it will be treated as normal business income or speculative
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
21 July 2009 Derivatives of Shares and index stocks will be treated as non speculative and from commodities speculative.

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