A government employee can show f&o profit or loss in his ITR. Is f&o like a business or not?
Menu
F&o profit or loss can show a government employee
Replies (1)
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.
Recent Topic
- CGAS account Holder Deceased
- ITR form suggestion
- Post office KVP income.
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
- Professional advance taxes
- Surrender pan process
Related Topics
CAclubindia
