What is tax treatment of F&O income- loss.
OM PRAKASH PANDEY (SEMI QUALIFIED CMA) (37 Points)
04 May 2012What is tax treatment of F&O income- loss.
Prateek Agarwal
(Sr. Executive - Finance & Accounts)
(1732 Points)
Replied 04 May 2012
F & O Income is taxable under the head " Profits and Gains from Business or Profession " . So calculate the tax on total turnover less expenses.
Regards
Prateek
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