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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Regarding 44AD
Replies (3)
speculative business not comes under 44ad
pls send the line which covered this
F&O is considered business activity and not speculative activity.
Hence 44AD is allowed.
Hence 44AD is allowed.
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