We have profit from f&o trading? Will this profit be treated as business income or stcg? What expenses are allowed in f&o trading profit in Income tax?
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Quick Summary
This discussion clarifies that profits from Futures & Options (F&O) trading are generally treated as business income for tax purposes, not short-term capital gains. It also touches upon the types of expenses that are permissible to deduct against this income. For detailed advice, further consultation may be necessary.