Trading in Future & Option
This query is : Resolved
06 August 2009
Loss in trading in future & Option within in a year is to be considered under the head of Income from capital loss or speculation business loss ?
Please under which section it is specified ?
Please under which section it is specified ?
06 August 2009
From assessment year 2006-07 onwards loss on trading in futures/options is normal business loss vide proviso to section 43(5) of the Income tax Act,1961.
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