Comment on Notice under Section 139(9)? - Possible reason
commented on
04 May 2017, 02:17 PM
I need a clarification on the query raised by IT department regarding derivative trading.
I do not “write” (sell) options at all, but have bought and sold options for profit/loss.
The query is as under:
“STT-04 Sale of option in securities(derivative) in a recognized stock exchange.
STT-05 Sale of futures (derivative) in a recognized stock exchange.”
Does the word “Sale” refers to “Writing of option” or “Sale of option bought (before expiry)”.