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Q. > Please Help: FUTURE AND OPTION PROFIT- INCOME TAX
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4007 views • Question added Jun 26, 2024 • Income Tax • By JIGNA SHAH , CA , Mumbai


HI, anyone can guide for future and option transaction- having profit- then tax audit criteria

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ajay

22-Jul-2024 , 07:00:56 pm

You need to see whether future and option trading is business or investment activity, also for turnover limit applicable for tax audit net turnover reported by dealer is considered.

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ajay

22-Jul-2024 , 07:00:56 pm

You need to see whether future and option trading is business or investment activity, also for turnover limit applicable for tax audit net turnover reported by dealer is considered.

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Nilesh Dineshbhai Bajaj

06-Sep-2024 , 07:46:24 pm

You have to observe whether F&O is your business or it is Investment. If it is Investment then you should consider it in Capital Gain head and If it is Business then consider it in Business and profession. For Tax audit you should consider transaction in F&O

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