F&O transaction and Commodity trading
This query is : Resolved
Quick Summary
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.
CA R SEETHARAMAN
(Expert)
27 July 2023
It's non speculative it can be set off non speculative profit/loss.
28 July 2023
Thus it can also be set off against other income like rent, interest except salary?
CA R SEETHARAMAN
(Expert)
28 July 2023
Yes you are right
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