AN INDIVIDUAL BOUGHT APRIL FUTURES IN MARCH 2023. CAN THE NOTIONAL LOSS BY TAKING MARKET VALUE AS ON 31.3.23 BE BOOKED AS SHORT TERM CAPITAL LOSS ALTHOUGH THE POSITION HAS NOT BEEN SQAURED OFF AS ON 31.3.23?
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(185582 Points)
Replied 29 July 2023
No. it is business income and is assessed at the time of square off.
sabyasachi mukherjee
(27730 Points)
Replied 04 August 2023
You cannot book profit / loss unless the same is realised.
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