Taxability of Dealings in Futures & Options


This query is : Resolved 

(Querist)
14 August 2007
How the individual show the income from Derivative trading in his ITR?

CA Mani (Expert)
14 August 2007 Income from Other Sources.

Jitender (Expert)
21 August 2007 no, as per CBDTs guidelines income from Futures & options is income from business, irrespective of assessee.

Jitender (Expert)
21 August 2007 & itr applicable would be ITR-4


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