What is tax treatment for future & stock options whether the profit earned from it is speculative or non-speculative and whats the difference between speculative and non-speculative profit
Please help
regards sneha
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Replies (2)
Guidance note on Tax audit terms Future, options and derivative trading as Income from Business or profession they cannot be treated as capital gain .
Share/Commodity is a speculative business. Any other business apart from these is called non speculative.
this is purely business profit or loss from speculative activity
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