Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 June 2012
hi i would like to pose a doubt..
If my salary suppose is Rs. 3Lacs and i trade in futures & options and i get income of Rs. 15 Lacs. What type of income is trading in future & options? Speculative gain or capital gain?
If my salary suppose is Rs. 3Lacs and i trade in futures & options and i get income of Rs. 15 Lacs. What type of income is trading in future & options? Speculative gain or capital gain?
23 June 2012
Trading in futures and options is NON SPECULATIVE BUSINESS.
It is taxable as a normal business under the head Income from Business or Profession.
It is taxable as a normal business under the head Income from Business or Profession.
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