Forex gain, gains from stock, commodity and indices, cfd tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 March 2014
Respected Sir,
How gains from forex trading, trading in stock, commodity and indices also CFD (contract For Difference)are treated in income tax.
What are there tax implication if these types of trading is normal course of business only for making profits.
How gains from forex trading, trading in stock, commodity and indices also CFD (contract For Difference)are treated in income tax.
What are there tax implication if these types of trading is normal course of business only for making profits.
19 March 2014
Such business is treated as speculative business. Income from such business is taxable under the head Income from Business or Profession.
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