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Tax Rules for Trading gains in futures & options

ITR Filing 2986 views 2 replies
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16 Points Posted on 10 May 2007
I would request you to clarify whether profit/losses on transactions in futures & options is to be classified as speculative gain / speculative loss or capital loss/gain under Income Tax Act (at the time of filing returns).
Also, can I get any benefit on the STT paid by me on above transactions
Thanks
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On 10 May 2007 at 16:20 Report
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379 Points Posted on 10 May 2007
The One Says:

Dear friend Kalpesh, taxability under different heads would depend on whether you are a trader or investor. Classification would depend on various factors.
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On 10 May 2007 at 16:20
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460655 Points Posted on 28 July 2008

1) I can club the profit from short term capital gains (shares) and losses from Future and options?

2) I am salried person but have some gains from Fno. Where I need to show this while filling Incom tax?

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On 28 July 2008 at 11:50


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