FNO Open position tax treatment

[Sumit1]

Can any expert clarify whether open FNO positions (unrealised profit or loss) at the end of the financial year are included in that year’s taxable income or loss?

[Abhijit]

Of course not. You need to pay tax only on the realized profits. If you close the unrealized profit/loss on or after 1 April, it will be for the next FY.

[Quicko]

Hello @Sumit1

The F&O positions open at the end of financial year is not to be included in that year’s taxable income, only realized profit or loss are to be included.

Thanks

[Ddude]

Thanks @Quicko