How to calculate tax for f&o trading (Mumbai)

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How to calculate tax for f&o trading

Income from Futures & Options (F&O) is treated as an income from business and profession under income tax act, 1961. Thus, any profit or loss arising from Futures & Options will be assessed under the head of Income from Business and Profession irrespective of assessee being engaged in any other business or not. Since F&O income is treated as Normal Business Income not speculative income, Rate of Tax shall be same as normal rates applicable to an Individual.

12-04-2024 INDIA, Mumbai
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