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Query about future & option

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 November 2012 Plz. answer ASAP-
Is Future and Option trading treated as Non-speculative business income OR Speculative business income ?????
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
22 November 2012 As per Proviso to Secion 43(5) trading in derivatives is NOT speculation transaction if it is carried out on a recognised stock exchange through a stock broker.

Accordingly, trading in future & options is NOT speculative transaction.

It is a normal business income.
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