query regarding F N O TRADING

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    NIMESH New Member

    Can you provide how to calculte tax on F UTURE AND OPTION TRADING.How to calculte tax on F N O profit and loss
  2. Raunak Gupta

    Raunak Gupta New Member

    In my opinion, in the case of F&O trading, you can ask the P&L statement and Ledger Statement from your broker who shall provide you with the same according to the investor's code. It will contain the detail profit & loss from each trading futures and options and you can rely on such calculation as they are computerized calculations (or you can cross verify the same).

    As per the provisions of section 43(5) of the Income Tax Act,1961,
    trading in derivatives (F&Os etc) carried on a recognized stock exchange is a non speculative business income.

    So the profit or loss as calculated above will be shown as business income and will be taxable as per the applicable slab rate of the Individual.
    Neha Sharma likes this.
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