Q-1 can derivate transactions( futures and options- stock market) be considered as business income?
If yes, then; can any loss be in deriative be used to offset tax liability from any other source apart from salary income?
NINA INAMDAR (1 Points)
27 July 2018Q-1 can derivate transactions( futures and options- stock market) be considered as business income?
If yes, then; can any loss be in deriative be used to offset tax liability from any other source apart from salary income?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195199 Points)
Replied 28 July 2018
1. Yes, its non-speculative business.
2. Yes; Correct...
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