Taxation on future and option share trading

Plz tell me what is treatment of future and option loss or gain in share trading.
Replies (6)
Quick Summary
This discussion clarifies the tax treatment of gains and losses from futures and options trading in the UK. It confirms that these are generally treated as business income under the head PGBP (Profits and Gains from Business or Profession). The peculiar method of valuing turnover for such trades is also noted, alongside an inquiry into whether an audit is mandatory in cases of loss.

I think same treated as Business Income.
Profit or Loss from Futures and Options treated as Business Income and Taxable under head PGBP
It should be treated as business income
It is treated as deemed business.
but this business has a peculiar method of valuing turnover.

Futures and Options is to be treated as business income or loss.

Is it mandatory to audit in case loss

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