Comment on Taxation for Traders - Introduction

Vinod commented on 15 Apr 2017, 11:48 PM

Would you please clear my following question?
If I buy one lot of reliance future and sell it on the same day, then the profit & loss by this intraday F&O activity will be treated under specutative business or non speculative business. Since it is intraday squareoff I feel it is considered as intraday (speculative business income/loss) but since it is Future lot which comes under nonspeculative business income/loss.
Please clarify my this question.

View the full comment thread »