Taxation of Share Trading
This query is : Resolved
31 May 2009
hi,
What will be Tax Treatment of Share Trading under the Income Tax Act. regarding :
1. Intraday Trading
2. F & O( Derivatives)
3. Shartterm .
Will intraday and F & O will be part of business income.
Pl. explain in detail
What will be Tax Treatment of Share Trading under the Income Tax Act. regarding :
1. Intraday Trading
2. F & O( Derivatives)
3. Shartterm .
Will intraday and F & O will be part of business income.
Pl. explain in detail
01 June 2009
intraday trading and derivatives trading both are treated as speculation business income .
01 June 2009
Trading in derivatives shall not be deemed to be a speculative income. Ref:-proviso (d) to section 43 (5) of the Income tax act,1961.
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