Profit on sale of futures & profit on derivatives

Sowmya.S.Balan (Paid Assistant) (749 Points)

27 March 2012

Dear Sirs

Whether profit on derivative transactions & futures taxable under capital gain or any other head of income? please help me

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2 Replies

Devendra (Chartered Accountant) (4775 Points)
Replied 27 March 2012

It is taxable under the head Profit and Gains from Business ie. it is Businee Income.

Regards,

Devendra Kulkarni

M. N. JHA (CA) (8316 Points)
Replied 27 March 2012

Originally posted by : Devendra
	It is taxable under the head Profit and Gains from Business ie. it is Businee Income. Regards, Devendra Kulkarni

Totally agreed..... it is taxable under PGBP

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