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Future Derivative Option

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(Querist)
19 March 2010 Can somebody tell me either trading in F & O relate to speculation businees or not?
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
19 March 2010 F&O Business is a Trading business not in the nature of speculation.

but intraday trading is speculation business.
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CA Shiv

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CA Shiv (Expert)
19 March 2010 he gain or loss from dealing in `options’ and `futures’ will not be treated as a speculation loss. This will be so because of the provisions of Section 43(5) of the Act.

Under section 43(5) of the Income Tax Act, 1961 an eligible transaction in respect of trading in derivatives referred to in clause [(ac)] of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956) carried out in a recognised stock exchange will not be treated as speculative transaction despite not been settled by actual delivery.
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