Hi All,
I would like to know How futures and options are taxed?? and How Speculative transactions takes place(i.e., i need an example) and its taxation??
Thanks in advance.
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(183282 Points)
Replied 17 April 2018
F&O trade is considered as a non-speculative business. Intra-day stock trades are treated as a speculative business.
To calculate gross income from F&O trades, take your transaction statement for the whole year. Look at your receipts; these may be a positive or a negative value.
Sum these up for the whole year. Expenses can be deducted from your gross income.
Refer: tax-on-derivative-trading
Recent Topics
- File an Amended Income Tax Return to Exclude Polit
- FIFT TO HUF - SEC 64 & SEC 54 RELATED
- Selling my 12+ years old Private Limited Company
- 5 YEAR OLD DELHI ROC COMPANY
- GST Order to pay penalty without proof of wrongdoi
- TDS Applicability on Rent to KINFRA
- Profit & Loss Statement Analysis: Gross Profit
- PAYMENT OF RCM under gst
- Tally Entry On Accounting Payables
- When to register as a representative assessee?
Related Threads
CAclubindia
