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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
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.
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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