CA trading in derivatives
Sri Snigdha (Articles Assisstant) (497 Points)
08 September 2022Sri Snigdha (Articles Assisstant) (497 Points)
08 September 2022
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160342 Points)
Replied 08 September 2022
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.
Eswar Reddy S
(CFO- at NHTF)
(58213 Points)
Replied 08 September 2022
Sri Snigdha
(Articles Assisstant)
(497 Points)
Replied 08 September 2022
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160342 Points)
Replied 08 September 2022
No. It is being treated as investment in individual capacity and not business income,
Sri Snigdha
(Articles Assisstant)
(497 Points)
Replied 08 September 2022
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160342 Points)
Replied 09 September 2022
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....
Sri Snigdha
(Articles Assisstant)
(497 Points)
Replied 09 September 2022
Eswar Reddy S
(CFO- at NHTF)
(58213 Points)
Replied 09 September 2022
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