How to Save Taxes on F&O Trading Income in 2025: Expert Tips & Loopholes
In India, F&O trading income is classified as business income and taxed under standard slabs. Traders must maintain accurate records of profits,...
![ITAT deletes Disallowance of Trading Loss on Alleged Penny Stock Shares Due to Insufficient Evidence of Price Manipulation [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Disallowance-Trading-Loss-Penny-Stock-Shares-Insufficient-Evidence-Price-Manipulation-taxscan.jpg "ITAT deletes Disallowance of Trading Loss on Alleged Penny Stock Shares Due to Insufficient Evidence of Price Manipulation [Read Order]")
Section 43B(h) Income Tax Act Repercussions: Kerala Textile and Garments Dealers Welfare Association asks MSEs to change Category
The Kerala Textile and Garments Dealers Welfare Association ( KTGDA ) has requested micro and small enterprises ( MSEs ) in the textile industry to change their MSME category from "manufacturing" to...
RBI Issues Warning: Unauthorised Forex Platforms Pose Risks to Investors; Check the Platforms here [Read Order]
In the dynamic landscape of forex trading, the Reserve Bank of India (RBI) has raised a red flag, cautioning investors about the inherent risks associated with unauthorised forex trading platforms....
Section 41 (1) of Income Tax Act shall not apply since waiver of loan does not amount to cessation of trading liability: ITAT deletes Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench held that section 41(1) of Income Tax Act, 1961 should not be applied since waiver of loan did not amount to cessation of trading liability....
![Section 41 (1) of Income Tax Act shall not apply since waiver of loan does not amount to cessation of trading liability: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Income-Tax-Act-waiver-of-loan-cessation-of-trading-liability-ITAT-deletes-Addition-loan-trading-liability-taxscan.jpg "Section 41 (1) of Income Tax Act shall not apply since waiver of loan does not amount to cessation of trading liability: ITAT deletes Addition [Read Order]")
Addition u/s 69C cannot be Imposed on Trading in Scrips on Account of Share Price Movement: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently, in an appeal filed before it, held that an addition under Section 69C of the Income Tax Act cannot be imposed on trading in...
![Addition u/s 69C cannot be Imposed on Trading in Scrips on Account of Share Price Movement: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Imposed-on-Trading-in-Scrips-on-Account-of-Share-Price-Movement-ITAT-TAXSCAN.jpg "Addition u/s 69C cannot be Imposed on Trading in Scrips on Account of Share Price Movement: ITAT [Read Order]")