What is F&O and what is its tax implication
This query is : Resolved
02 July 2023
what is F&O and what is its tax implication under income tax.
02 July 2023
Income from trading in F&O (both intraday or overnight) on all the recognised exchanges (such as NSE, BSE, MCX etc) is considered as non-speculative business income. F&O trade is reported under the head 'Business' in Income Tax Return (“ITR”) and information is given as per the frequency or volumes of trades done.
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