Future Option Income
SUKANTA MAJUMDER (STUDENT) (39 Points)
21 November 2019
Income from trading of Future & Option treated as Speculation business or Presumptive income ?
2 Replies
Manasi2 Jain
(97 Points)
Replied 21 November 2019
It is not speculative
So it can be treated as presumptive income
So it can be treated as presumptive income
Kapadia Pravin
(17264 Points)
Replied 21 November 2019
It is business income. it is not Speculation income. Since it is business income you can take benefit under section 44AD which is for those who wants to show income under presumptive taxation
Recent Topics
- DONATION REG
- A builder or Developer has to receive completion c
- TDS paid 5% instead of 2%
- Whether deduction u/s 43B available post conversio
- B2B Invoice Ammendment
- Foreign bank charges
- Net worth certificate for Joint Owners
- Investment Strategy to avoid Capital Gain in case
- Tution fees
- Regarding GSTIN CORRECTION in GSTR1 current period
Related Threads
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
