futures & options
This query is : Resolved
25 August 2009
The loss on FNO , whether could be adjusted against other business income?
Kindly reply
Kindly reply
25 August 2009
no..F & O is without delivery..so it cums under speculation..and cannot be adjusted against business income..
25 August 2009
Eligible transactions on futures and options carried out in a recognized stock exchange is not a speculative transaction. Ref:- proviso (d) of section 43(5) of The Income tax Act,1961.
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vijay singhal
(Expert)
25 August 2009
yes, as it is not a speculative transaction
Ankur Garg
(Expert)
25 August 2009
Agree with Warrier Sir.
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