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I want to know income tax rate applicable to derivatives and case law if any regarding it?


while trading in future and options what tax rate should be applied?i believe a case law regarding this was explained but couldnt find that case....so plz help me

The derivates profit will be deemed to be Short Term Capital Gains and hence the rate of Tax would be 10% if the profits are earned after 26/01/2006 Source(s): thanecas@yahoogroups.com
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