Hi, can we show income from sale of derivatives under the head Profits and Gains from Business or Profession.
(The derivatives are bought and sold on the same day). As per Section 43(5) this transaction is not speculative.
Please give points in favour of the above.
Thanks in Advance
Sharmila.
its purchase under name of business?
Capital Gains
yes it is pgbp income
https://www.outlookmoney.com/article.aspx?286519
it is business income.
Arpan Bohra & Co
Hyderabad
CA Inter
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Varma Raja & Associates
Thrissur
CA Inter
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CCI
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