Income /loss from future option trading
This query is : Resolved
26 July 2014
Hello
I want to know if any person doing trading in future trading and incured loss of Rs. 100000/- How will it treat in Income Tax return for a.y 2014-15
Whether this will consider as speculative business income/loss or Non speculative business loss/Income.
Further How will calculate Income/Loss whether by net off or contract wise?
I want to know if any person doing trading in future trading and incured loss of Rs. 100000/- How will it treat in Income Tax return for a.y 2014-15
Whether this will consider as speculative business income/loss or Non speculative business loss/Income.
Further How will calculate Income/Loss whether by net off or contract wise?
27 July 2014
it is a non-speculative business income/loss
contract wise net-off
contract wise net-off
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