CA trading in derivatives
Yes,
CA in practice allowed to do Derivative transactions if done in individual capacity.
You will be happy to note that the ESB and Council has passed an Item that:
Derivative transactions are not business activity and would therefore not be deemed as prohibited from the standpoint of members in practice undertaking the said activity in their individual capacity (and not in a professional capacity).
However trading in commodity derivative is not permissible.
You can't do advisory services in F & O to clients.
But you can do trading in F & O on your own..No restriction
No. It is being treated as investment in individual capacity and not business income,
1. Yes, the loss will get reflected in financial statements.
2. F&O trading is non-speculative business.. while intraday trading is speculative business.. & our topic is on F&O transactions i.e. NON speculative business....
Turnover is net amounts
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