From F.Y.2020-21 Divided income is taxable as a normal slab rate.
Can I set off current year future and option loss against divided income?
Bharatkumar (Individual) (124 Points)
21 December 2020From F.Y.2020-21 Divided income is taxable as a normal slab rate.
Can I set off current year future and option loss against divided income?
Krishna Chaudhary
(Accountant)
(4531 Points)
Replied 09 January 2021
Bharatkumar
(Individual)
(124 Points)
Replied 09 January 2021
Sir,
I think that, Future and Option activity is treated as normal business for Income Tax purpose.
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