Taxability of income on futures
This query is : Resolved
21 March 2010
Dear Sir,
Can anyone guide me on the taxability of income on futures. What is the position in case of loss on the futures?
Can anyone guide me on the taxability of income on futures. What is the position in case of loss on the futures?
21 March 2010
It is a non speculative income/loss vide proviso (d) to section 43(5) of the Income tax act,1961.
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