Intra day & Futures and options -Trading

[VIGNESH]

Sir . income from, Intra day & Futures and Options -Trading,

1. to be treated as Business income or Speculative income

2. How to calculate Turnover for the above trading ?

3. if a NRI person does the above trading will taxability be different from normal indian assessee?

AI Summary

Clarification on Tax Implications for Intraday and Futures Trading: Business vs. Speculative Income and Turnover Calculation. A user inquired about the tax implications of income from intraday and futures and options trading, specifically whether it should be classified as business or speculative income. They also sought guidance on calculating turnover for such trading activities. Additionally, the user asked if there are different tax considerations for a non-resident individual compared to a regular Indian taxpayer engaging in these trading activities.