Taxation of income from trading of future (derivatives)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 April 2018
Dear team
I have one query relating to taxation of income earned from trading of future and options (derivatives).
Please guide whether income from future trading can be reported under section 44AD as presumptive income without keeping books of accounts
thanks and regards
I have one query relating to taxation of income earned from trading of future and options (derivatives).
Please guide whether income from future trading can be reported under section 44AD as presumptive income without keeping books of accounts
thanks and regards
Nikhil Kaushik
(Expert)
12 April 2018
yes, you can offer this income under 44AD as long as the turnover is below Rs 2 cr
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