Accounting and Taxation

6 marks (4%)~4 hours study11 sections · 10 practice questions

Learning objectives

Identify the tax treatment of futures and options gains for different investor classes.
Compute Securities Transaction Tax (STT) on equity derivative trades.
Apply the F&O classification under Indian income tax law.
Articulate the tax framework for SIF investors.

Topics covered

01Tax treatment of F&O — speculative vs non-speculative business income

02Securities Transaction Tax (STT)

03Capital gains for derivatives — generally not applicable

04Audit requirements for F&O traders

05Tax framework for SIFs

06Set-off and carry-forward of losses

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A peek at what's inside Chapter 9:

study sections

First section: "Why this chapter matters"

cheat-sheet terms

Includes: F&O income classification, Speculative vs non-speculative, Section 44AB...

practice MCQs

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3 underlying tabs

Equity / Currency / Interest Rate views

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Academy/NISM Series XIII/Chapter 9

Chapter 9 of 10