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
(17259 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
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