Derivatives
This query is : Resolved
CA Rushikesh Kolhe
(Querist)
21 November 2013
if I am trading only in derivatives, can I consider it as my capital asset? if yes then under which section? If no then under which head the gain or loss should be taxed?please elaborate
Nikhil Kaushik
(Expert)
21 November 2013
i dont think so. Anyways derivatives get over before an year.
since you are trading in derivatives, anyways you shall be taxed under "income from business/profession".
since you are trading in derivatives, anyways you shall be taxed under "income from business/profession".
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