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Income from options (futures and options)

This query is : Resolved 
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(Querist)
24 February 2015 Under what head, will the income from futures and options be classified. Speculation or business income? Is there any circular supporting the same??
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Arpit Shah

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Arpit Shah (Expert)
14 April 2015 https://www.caclubindia.com/experts/income-of-future-and-option-6501.asp#.VSy1kunqlxA
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