banner_ad

Taxability of Trading in Futures & Options as per IT Act

This query is : Resolved 
Profile Image

Profile Image

(Querist)
24 January 2009 SIR,
CAN YOU PLEASE EXPLAIN THE TAXABILITY OF GAIN/LOSS ARISING FROM TRADING IN FUTURES & OPTIONS.

AS PER SEC43(5, THEY ARE NOT TREATED AS SPECULATIVE TRANSACTIONS. THEN UNDER WHICH HEAD OF INCOME SHOULD IT BE CONSIDERED- BUSINESS INCOME OR SHORT TERM CAPITAL GAINS.

ALSO PLEASE EXPLAIN ABOUT THE TREATMENT OF LOSS ARISING THEREFROM SUCH TRANSACTIONS (SETOFF, CARRY FORWARD ETC).
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
24 January 2009 Income/loss will be considered under the head Income from Business/ profession.
Carry forward/setoff will be allowed just like other business losses.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details