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Tax on derivatives

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(Querist)
19 May 2015 Is profit drom derivatives taxable if trader in recognised stock exchange. If there is a loss then how is it treated. Please tell me the sec in the act with this reference. Thanks in advance.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
19 May 2015 refer section 43(5). it will be treated as normal business loss.

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