Please Help: Treatment of loss From F&O Trading of shares
Posted Date : 19-Mar-2016 , 03:07:37 pm | Posted By CA. BANSIDHAR SATIJA
1-Is the Profit or loss from F&O activity fall under the Head Income from Business or Profession.
2-How loss can be carry forward to subsequent year in case provision of 44AD Apply.
2-How loss can be carry forward to subsequent year in case provision of 44AD Apply.
Category : Income Tax | Answers : 0 | Comments : 1 | Hits : 221
Answers
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Tanay Jindal
21-Mar-2016 , 04:47:11 pm1. Yes the profit or Loss from F&O activity falls under the head Income from business or Profession as normal business Income. 2. If section 44AD applies then there will be no question of Loss.