Question ID :
36915
Gains from Option Trading
Whether gains from Trading in options can be offered under capital gain? As per sec.2(14) capital assets means "Property of any kind held by an assessee". I feel option fits within this definition. Members views are solicited.
Posted by
SANTHANU R
on
Dec 31, 2018
Filed Under
Capital Gains
Not capital gains but business income. Inference - section 43(5) proviso (e).
Posted by
B.CHACKRAPANI WARRIER on
Jan 01, 2019
Answer ID :
76140
Section 43(5) specifically covers this. So its business income.
Posted by
Anuj Tiwari on
Jan 02, 2019
Answer ID :
76141
43(5) says trading in derivatives through recognised stock exchange is not speculative income. To consider a source of income as speculative or not, first it has to be a business income. Can we treat it as a capital gain instead of business income at all
Posted by
SANTHANU R on
Jan 02, 2019