LOSS FROM F &O
This query is : Resolved
12 November 2010
LOSS UNDER F&O IS TREATED AS NORMAL BUSINESS LOSS UNDER WHICH SECTION OF I.T ACT, 1961 AND THE ORDER NO. AND DATE OF ORDER ON WHICH THE ORDER WAS PASSED.
12 November 2010
You may refer Section 43(5)(d).
A transaction in respect of trading in derrivatives carried out in a Recognised Stock Exchange is not treated as a speculative transaction. Therefore it is a normal business transaction.
A transaction in respect of trading in derrivatives carried out in a Recognised Stock Exchange is not treated as a speculative transaction. Therefore it is a normal business transaction.
13 November 2010
Hi,
But i have recently heard that IT department has started opening cases of ICICI Bank, Wipro etc where they have claimed F & O losses from normal business income. Please clarify this also.
But i have recently heard that IT department has started opening cases of ICICI Bank, Wipro etc where they have claimed F & O losses from normal business income. Please clarify this also.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Price inclusive or exclusive of GST while made entry in P& L Account
- Dep. as per companies act
- Applicability of GST on Salary Reimbursement Component
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Minimum tax payable to file Updated return
- Tds on commission charges
- Tax rate change regarding
- Renovation exp. in flat by family member
- New GST registration for new place of business.
- FAST-DS Scheme - Foreign Assets
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
ARTICLESHIP
07 September 2026
Article/ Paid Assistant
Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
View Details
ARTICLESHIP
07 September 2026
CA Articles
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
View Details
22 September 2026
Account Assistant
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
View Details
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared
Getmyca Consultant Pvt Ltd
New Delhi
CA Inter
View Details
CCI
Pro
CAclubindia
