A government employee can show f&o profit or loss in his ITR. Is f&o like a business or not?
A government employee can show f&o profit or loss in his ITR. Is f&o like a business or not?
For Income tax act, it is taxed under business activity; but employees are allowed to do investment. And under the option of investment most of them are doing intraday & F&O activities in market, which has not been objected by any employer, be it private or public organization.
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