I would request you to clarify whether profit/losses on transactions in futures & options is to be classified as speculative gain / speculative loss or capital loss/gain under Income Tax Act (at the time of filing returns).
Also, can I get any benefit on the STT paid by me on above transactions
Thanks
The One Says:
Dear friend Kalpesh, taxability under different heads would depend on whether you are a trader or investor. Classification would depend on various factors.
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