Whether dealing in the derivative segment by the proprieter of a business be added to his business turnover or whether dat has to be shown as speculation income? If business income what will be his turnover normal business turnover + value of dealing in derivatives or normal turnover + net derivative position?
Menu
Derivative treatment
Replies (1)
Derivative trading on recognized exchange is treated as non-speculative business transactions. Turn over will be sum of net derivative positions (negative also treated as positive) and turn over of all other business/es.
Recent Threads
- Procedure for 'inter-unit job work' under GST Act
- Advances received and Advances adjusted - HSN Summ
- TAX ON SALE OF COMPANY'S SHARES
- Refund on Hold - Section 245
- CLARITY REGARDING ESIC WAGE CALCULATION AFTER NEW
- GST Rule 14A for Export of Service with Hypothetic
- GST ON QUERY
- Initimation on AIS
- GST on sponsorship from foreign body corporate
- Revised Income tax return karna padega kya
Related Threads
CAclubindia
