Is an LLP considered a corporation in India? How is income from forex trading, commodities, stocks, and CFDs taxed in India? Should it be classified as capital gains or business income?

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Law Forum › Category: Corporate › Is an LLP considered a corporation in India? How is income from forex trading, commodities, stocks, and CFDs taxed in India? Should it be classified as capital gains or business income?
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Apni Law Staff asked 5 months ago

Is an LLP considered a corporation in India? How is income from forex trading, commodities, stocks, and CFDs taxed in India? Should it be classified as capital gains or business income?

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Best Answer

Apni Law Staff answered 5 months ago

In India, an LLP (Limited Liability Partnership) is not considered a corporation but a separate legal entity. Income from forex trading, commodities, stocks, and CFDs in India is generally taxed as business income if the activity is carried out regularly and systematically. If it’s a one-time or occasional activity, it might be classified as capital gains.

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