I am an investor and not a trader. If i will make few transactions in derivatives then the same will be taxed under which heads of income. In case of intra day transactions what will be the tax tretment ? It will be taxed under which head of income ?
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Transaction in derivatives / Intraday transaction
Replies (6)
short term capital gains......under head capital gain
Delivery Trading - STCG/LTCG
Derivatives - Business Income
Intraday Trading - Speculative Business Income
Mr. Shailesh, i agree with u.
I have a loss in F&O in FY08-09. Can this be carried forward to next year?
For e.g. business income Rs5 lakh. F&O loss Rs10 Lakh.
So can net loss of Rs5 lakh be carried forward?
Yes. Rs 5,00,000/- can be carried forward provided u file ur return before 31st July.
In case, urs is an audit case, then u have to file ur return before 30th sep
Thanks Shailesh!
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