adjustment of loss and profit and under witch head
This query is : Resolved
03 March 2010
I want to know is future and options profit/loss on shares held on BSE or NSE can be adjusted from commodity profit/loss on MCX.Will it be treated as business income or speculation income?
04 March 2010
Loss from futures & option on BSE & NSE can be set off against profit from commodities profit but not vice versa.
Income of F & O on BSE & NSE is business income and from commodities trading speculative income
Income of F & O on BSE & NSE is business income and from commodities trading speculative income
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