futures n options
prasad (government employee) (225 Points)
20 April 2018
whether futures and options be treated as speculation business or not?
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(182850 Points)
Replied 20 April 2018
Trading in 'future and options' of shares is treated as normal business (i.e. Non speculative business) as per proviso (d) to section 43(5 ) of the Income tax Act,1961.
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