Taxability of Dealings in Futures & Options

This query is : Resolved

Gaurav (Querist)
Follow

14 August 2007
How the individual show the income from Derivative trading in his ITR?

CA Mani (Expert)
Follow

14 August 2007 Income from Other Sources.

Jitender (Expert)
Follow

21 August 2007 no, as per CBDTs guidelines income from Futures & options is income from business, irrespective of assessee.

Jitender (Expert)
Follow

21 August 2007 & itr applicable would be ITR-4

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

Unanswered Queries

view all classess