F&O transaction and Commodity trading

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F&O transactions and commodity trading are both types of derivative trading that are settled in cash. Under a specific provision, these are considered non-speculative business income. This classification is important as it allows losses from these trades to be set off against other non-speculative profits and even other income sources like rent and interest, excluding salary income.

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(Querist)
27 July 2023 Both F&O transaction and Commodity trading are derivative trading and settled in cash. According to provision exception to section 45(5) it is non-speculative business income . kindly clarify as it impacts set off provision.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
27 July 2023 It's non speculative it can be set off non speculative profit/loss.
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ghosh

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ghosh (Querist)
28 July 2023 Thus it can also be set off against other income like rent, interest except salary?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
28 July 2023 Yes you are right
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