REGARDING F&O AND SPECULATIVE INCOME(INTRADAY TRANSACTION)
This query is : Resolved
Suresh S. Tejwani
(Querist)
15 December 2024
IS F&O AND SPECULATIVE INCOME( INTRADAY TRANSACTION) COVERED UNDER SECTION 44AD? IS THERE ANY SPECIFIC CIRCULAR OR CASE STUDY ABOUT SAME IS AVAILABLE?
Dhirajlal Rambhia
(Expert)
15 December 2024
Explanation to section 44AD doesn’t specifically exclude transactions in derivatives – F&O as not eligible business. However, the legal position to certain aspects of these sections is still subject to multiple views and interpretation.
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