F&O se judi kuch sawaal hain.
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Kya F&O ki aamdani PGBP ke tehat taxable hoti hai ya capital gains ke tehat?
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Agar ye PGBP ke tehat taxable hoti hai, toh hum iska turnover kaise calculate karenge?
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Agar ye PGBP ke tehat taxable hai aur iska turnover 20 lakh se zyada hai, toh kya iske liye GST registration karana zaroori hoga?
One response
Sure, I’ll address your doubts related to F&O (Futures and Options).
F&O ki income ka taxable head: Futures and Options (F&O) trading income is generally considered as Profits and Gains of Business or Profession (PGBP). Therefore, the income derived from trading in F&O is taxable under the PGBP head.
Turnover calculation: For F&O trading, the turnover is calculated based on the total value of trades executed during the financial year. It includes:
If there are multiple trades, you would simply add the total of all buy transactions and all sell transactions.
GST registration for turnover above 20 lakhs: Yes, if your turnover from F&O trading crosses the threshold limit of ₹20 lakhs, you are required to obtain GST registration. This requirement applies as per the provisions of the Goods and Services Tax Act, especially since you are deemed to be carrying out a taxable supply of services. Be sure to comply with the GST filing requirements as well.
If you have further questions or need more clarification, feel free to ask!