Derivatives and commodities
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 December 2013
Are derivatives and commodities held by an assessee treated as capital assets for the computation of capital gains??
If so is indexation benefit available to them u/s 48 Proviso 2?
If so is indexation benefit available to them u/s 48 Proviso 2?
26 December 2013
In our country these two are not treated as capital asset. Derivatives & Commodity Derivatives contracts are settled on an appointed date and are generally short term contracts.
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Indexation is applicable in case of long term capital assets only.
.
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Indexation is applicable in case of long term capital assets only.
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