Income tax on portfolio hedging

Sanjeet (Querist) 21 March 2012 This query is : Resolved
Dear Sir,
I have made an equity portfolio of Rs. 5.0 lacs and hedged it with F&O. In this financial year value of my portfolio dropped to Rs. 4.0 Lacs (Loss not booked)and gain in F&O is Rs. 1.0 lacs. How taxation shall be take place.

regards
Sanjeet

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Vineet (Expert) 18 April 2012
The hedging profits are taxable as short term capital gain. Loss on investment can only be claimed after actual transfer.

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