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Taxation of future and potions

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16 December 2010 What is taxation of future and options. Whether intra day transaction exist in future and option or not if yes then will it be treated as speculative transaction?

17 December 2010 Treated as speculative transaction.

17 December 2010 Sir,
It will be treated as business income as per sec 43(5) to be read with proviso (d) of the said section.The loss can be setoff with some other business income if you have the same.


17 December 2010
Intra Day Transactions are also treated as normal business transactions.

18 December 2010 Thanks for immediate reply..



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