Taxation on future and option share trading
vikas (Student CA Final ) (1 Points)
04 June 2021
Plz tell me what is treatment of future and option loss or gain in share trading.
6 Replies
Manikanta juluri
(Student)
(252 Points)
Replied 04 June 2021
Profit or Loss from Futures and Options treated as Business Income and Taxable under head PGBP
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 04 June 2021
It should be treated as business income
veerendar singh
(tax consultant)
(3306 Points)
Replied 04 June 2021
It is treated as deemed business.
but this business has a peculiar method of valuing turnover.
but this business has a peculiar method of valuing turnover.
Susmita Dutta, CA , CPA
(CA )
(2141 Points)
Replied 04 June 2021
Futures and Options is to be treated as business income or loss.
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