Future & options

CA RAHUL JAIN (CA Job) (30 Points)

02 December 2013  

Hi,

In case of Future & Options if we hedge our position 100 % (i.e. by taking call and put option simuntaneously) and earn profit then

We have to pay tax flat 30 % on this profit or not ?

and

Is their any tax planning so that we decrese our profit for tax purpose?