Poonawalla fincorps

Taxation of income from trading of future (derivatives)

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 April 2018 Dear team

I have one query relating to taxation of income earned from trading of future and options (derivatives).

Please guide whether income from future trading can be reported under section 44AD as presumptive income without keeping books of accounts

thanks and regards
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
12 April 2018 yes, you can offer this income under 44AD as long as the turnover is below Rs 2 cr

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