is darivative profit is business profit
This query is : Resolved
07 January 2010
any income from darivative trading in share is considered as business income if memorandom of association include share trading in other business?
07 January 2010
As per Sec. 43(5) of I. Tax Act,1961, It is always a business income irrespective of the clauses of MOA of the company.
08 January 2010
as per section 43(5)(d) an eligible transaction in respect of trading in derivatives referred to in clause (ac)of section 2 of securities contract regulation act,1956 carried out in recognized stock exchange .........shall not be deemed to be a speculative transaction.
kindly clarify the above.
kindly clarify the above.
02 July 2023
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