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future & options

This query is : Resolved 

25 August 2008 Whether loss in future and options is speculative business loss or non- speculative business loss in case when profit/gains is treated as business income

25 August 2008 IT IS SPECULATION BUSINESS.& accordingly loss is speculation loss.

26 August 2008 F&O Business is a non-speculative business

26 August 2008 Profit or Loss from Derivatives trading in securities is not speclative in view of provio (d) to sub section 5 of Section 43 of the iT Act.


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