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?
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?
No. it is business income and is assessed at the time of square off.
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