derivative trading speculative?

1086 views
User Avatar

doctor
34 Points Posted on 16 August 2007
is trading in future and options speculative business income? can it be set off against normal business income
Reply Share Follow
On 16 August 2007 at 03:37 Report
Replies (1)
User Avatar

Practicing CA
1778 Points Posted on 16 August 2007
income from trading in derivatives is not a speculative income-see sec. 43(5)
Reply
On 16 August 2007 at 11:15

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Income tax act 2026
  2. Belated Return where Form 10IEA filed this year to
  3. GST Reconciliation Tool (2A vs Books) - looking fo
  4. TDS ON PF FORM 19 WITHDRAWAL
  5. Can a virtual office in Mumbai be used for company
  6. Eway and e invoicing in condition where 4 party ar
  7. Bank balance in ITR-3
  8. INCLUDING PROFITS FROM REIT / INVIT IN SHARE TRADI
  9. Tempsens Instruments IPO GMP Allotment Listing dat
  10. Upload Type - Correction. Not showing in TDS filli

More recent discussions | Post

Related Topics :

Loading