Rakesh Kumar (B.Com ( H ) Pursuing CA Final ) (327 Points)
25 July 2009is the income from dealing in futures and options is a speculative business income.. n shud b considered as business income unlike as shares which is treated as income or loss from capital gain.... if a statement is given for dealing in such instruments and shares...how can one identify whether its derivatives or shares.....
Rakesh Kumar
(B.Com ( H ) Pursuing CA Final )
(327 Points)
Replied 25 July 2009
| Originally posted by :B.S. Rakesh Kumar | ||
| " | is the income from dealing in futures and options is a speculative business income.. n shud b considered as business income unlike as shares which is treated as income or loss from capital gain.... if a statement is given for dealing in such instruments and shares...how can one identify whether its derivatives or shares..... | " |
CA Hardik
(Profession)
(92 Points)
Replied 25 July 2009
Friend
Income From F& o Transactions is to be considered as business income and not as Speculative Business income.
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