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Regarding 44AD

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525 Points Posted on 04 September 2019
if any person engaged in business of trading in future and options?

Whether he is eligible to opt 44AD of income tax act 1961??

thanks in advance

pranav
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On 04 September 2019 at 08:06 Report
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1392 Points Posted on 04 September 2019
speculative business not comes under 44ad
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On 04 September 2019 at 10:04
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525 Points Posted on 04 September 2019
pls send the line which covered this
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On 04 September 2019 at 10:20
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17264 Points Posted on 04 September 2019
F&O is considered business activity and not speculative activity.
Hence 44AD is allowed.
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On 04 September 2019 at 12:13


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