There is only one F&O trading during FY 2019-20
Can i show it under STCG or should i have to declare under business head.
Replies (5)
Quick Summary
This discussion addresses how to report Futures & Options (F&O) trading income or losses in an Income Tax Return (ITR), particularly when there's only one transaction. While technically F&O trading is considered non-speculative business income, many taxpayers opt to report it under Short Term Capital Gains (STCG). The consensus suggests that for a single transaction, reporting as STCG is often a practical approach, though business income allows for loss carry-forward.
Technically speaking it must be reported under business income. Derivative trading is always non speculative business. You cna easily carry forward the loss
But in general practice, taxpayers are reporting it under capital gain.