Q-1 can derivate transactions( futures and options- stock market) be considered as business income?
If yes, then; can any loss be in deriative be used to offset tax liability from any other source apart from salary income?
NINA INAMDAR (1 Points)
27 July 2018Q-1 can derivate transactions( futures and options- stock market) be considered as business income?
If yes, then; can any loss be in deriative be used to offset tax liability from any other source apart from salary income?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160322 Points)
Replied 28 July 2018
1. Yes, its non-speculative business.
2. Yes; Correct...
Namita Patel
(Stock and commodity market adviser)
(43 Points)
Replied 03 October 2018
No, futures and options are non-speculative transactions under income tax act. So, it will not be considered as a speculative transaction and hence not treated as speculative business.
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