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F&O Intra day gain/loss taxable under which head of IT

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(Querist)
17 October 2007 If it is taxable under PGBP then what if TO is 40 lac. Is 44AB applicable.
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CA. Rayan Sequeira

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CA. Rayan Sequeira (Expert)
18 October 2007 only if the margin money (turnover) exceeds 40L - 44AB is attracted

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