Futures & Options transactions - Speculative or not?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 July 2011
Whether income or loss from transactions relating to futures & options of Shares are considered speculative or not?
How the loss generated from above transaction be adjusted?
Whether income or loss from transactions relating to futures & options of Shares are considered speculative or not?
How the loss generated from above transaction be adjusted?
CA PARAS BAFNA
(Expert)
16 July 2011
By virtue of section 43(5) such transactions are not treated as speculative transactions. These are normal business transactions and losses incurred (not generated) can be set off against current income as per the provisions applicable to non-speculation business losses.
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