Huf can trade in futures& options and commodity

This query is : Open

rahul jain (Querist)
Follow

08 January 2012 Hi Frnds,

I had just created a huf account i want to know can huf trade in futures& options segment and commodity segment,if yes then if there is profit ,what is tax implications of the same ,whether it is short term capital gain or income from business pls help me

reg

Rahul

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

08 January 2012 HUF can trade in F&O. The resulting profit (remote chances) will be Business Income.
.
Help from our side :
You should not go for F&O.

rahul jain

rahul jain (Querist)
Follow

10 January 2012 parasji thnks for your advice and abt commodities if profit then income wil consider as business income or speculative