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Profit/ Loss on Call Put Nifty Option

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(Querist)
21 March 2011 Dear Sir,
Frequent transaction on Call & Put Option on Nifty. Are Profit/ Loss on these transaction business profit/ loss ? Pls. clerify.
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Jainish shah

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Jainish shah (Expert)
21 March 2011 It is a speculative business transaction.
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pradeep agrawal

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pradeep agrawal (Querist)
08 April 2011 Dear Shahji
if assessee shown all transaction as its business then whether it will be treated as noramal business transaction.
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