Income from future trading

ITR 506 views 4 replies

Hi,

Income from Future trading come under Short term Capital gain or Business income?

I need to file ITR4 so under which section i can declare this?

 

Replies (4)

FIRST OF ALL , CONGRTULATIONS FOR  SNATCHING PROFIT FROM FUTURE TRADING AS

THERE ARE VERY FEW PERSONS WHO DO SUCHA HEROIC WORK....

 

NOW TO THE UR QUESTION....... ANY INCOME FROM FUTURE TRADING IS CONSIDERED AS BUSINESS INCOME.............

 

https://taxmantra.com/ereturns/other/tax-treatment-income-futures-options.html

 

THIS MIGHT THROW MORE LIGHT ON THIS TOPIC

 

Ramesh,

ok now in ITR4 under which sheet i should put it and which section i need to put this?

Could you please help me.

I HAVENT EVER FILED ANY RETURN SO I AM NOT AWARE OF IT....

 

BUT AS FAR AS SECTION IS CONCERNED IT IS  section 43(5) d

if i am not wrong 

and also cross check it...


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