AN INDIVIDUAL BOUGHT APRIL FUTURES IN MARCH 2023. CAN THE NOTIONAL LOSS BY TAKING MARKET VALUE AS ON 31.3.23 BE BOOKED AS SHORT TERM CAPITAL LOSS ALTHOUGH THE POSITION HAS NOT BEEN SQAURED OFF AS ON 31.3.23?
DHRUV (student) (123 Points)
29 July 2023AN INDIVIDUAL BOUGHT APRIL FUTURES IN MARCH 2023. CAN THE NOTIONAL LOSS BY TAKING MARKET VALUE AS ON 31.3.23 BE BOOKED AS SHORT TERM CAPITAL LOSS ALTHOUGH THE POSITION HAS NOT BEEN SQAURED OFF AS ON 31.3.23?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177736 Points)
Replied 29 July 2023
No. it is business income and is assessed at the time of square off.
sabyasachi mukherjee
(27574 Points)
Replied 04 August 2023