Tax on f&o segment of equity market
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 January 2013
Sir
Somebody tell me about applicable head of income of incometax act for Profit or loss on transactions in F&O segment of equity market even STT also deducted on it.
weather it will be charge under business and professional income or capital gain ?
Somebody tell me about applicable head of income of incometax act for Profit or loss on transactions in F&O segment of equity market even STT also deducted on it.
weather it will be charge under business and professional income or capital gain ?
19 January 2013
The F&O segment income is considered under the head PGBP(Business Income) and STT is deductible as an expense.
.
.
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
- Section 270A penalty
- GST Registration Application -Rejected
- GSTR 1- Amend Credit Note
- Supply to unit situated in SEZ
- GSTR 9C- Table 9
- International transfer pricing- -> father entity vs son entity ->WHERE NO mutual say in management
- Tax liability on gift amount given to blood relation
- TDS AFTER SUBMISSION OF 15G OR H
- TDS- defaults - old period ie. F.Y. 2012-2013 etc, etc
- Query on solved queries
- Regarding liability of 9C
- Problem in filing Returns for International workers in EPFO
- Clarification for reversal of IGST on transfer of duty-free imported goods from EOU to DTA unit
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- Revision under Section 264 in The Income Tax Act, 1961
Trending Online Classes
-
Live Course on GSTR 9 & 9C for FY 24-25(Detailed discussions, FAQ, Case studies and Live demo of GSTR 9/9C on GST Portal)
Industry Expert16 November 2025
CAclubindia
