Taxation of future and potions
This query is : Resolved
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.
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.
Intra Day Transactions are also treated as normal business transactions.
18 December 2010
Thanks for immediate reply..
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