Profit/ Loss on F&O Transactions

CA Paresh Kothari (Service) (233 Points)

07 December 2007  

 

Kindly reply as to whether the profit/loss on F&O Shares / Future Commodities Transction will be Income under Capital gains [ Short term] or income from Speculation Business under Income from Business & Profession head?

 

Also reply whether Profit / loss on Intra Day Shares/ Commodities transction will be Income from Speculation business or Income From Capital gain [ Short term ]