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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 ?

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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