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Income Tax - Highlights / Catch Notes

Home Highlights August 2018 Year 2018 This

Additions on account of F & O (Future & Options) loss - loss on ...

Income Tax

August 12, 2018

Additions on account of F & O (Future & Options) loss - loss on derivatives - NSE reported that no trading were found for the combination of member and client code during the period - since the transaction were off market transaction, claim of the assessee allowed.

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  2. Disallowance of set off being loss on account of trading in Futures and Options/derivatives against other income - the assessee was having the interest income as well as...

  3. Speculation Loss - Trading in future and options - the amendment cannot be held as curative in nature or for that reason has a retrospective effect - HC

  4. Computation of their Turnover for the purpose of tax audit u/s 44AB - Speculation Business or Derivatives, futures, and options or Delivery based transactions

  5. Income earned from trading in Shares, Future and Options and derivatives - speculative business or not - Assessee has shown better income from sale and purchase of...

  6. Addition u/s 43(5) - Loss in commodity derivatives trading business was non-speculative - Reading clause (e) of the first proviso to section 43(5), and sections 70(1)...

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  8. Loss incurred by the assessee on F & O (Future and Options) derivative transactions - “speculative loss” or not - disallowing the set off of the said loss against other...

  9. Collection and reporting of margins by Trading Member (TM) /Clearing Member (CM) in Cash Segment

  10. Short deduction / collection of Security Transaction Tax (STT) - Liability of National Stock Exchange (NSE) - On occasions where client codes for institutional trades...

 

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