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Taxability on shares and commodities

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Mr.Doubt (Querist)
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28 August 2012 Dear Experts,

My client is a salaried employee and he is trading in shares and commodities, as he dealing with these for speculation, I considered it under PGBP.
He has profit from Shares trading (Short term) and loss from commodities trading (short term, now my doubt is can I treat theses two tradings as one business or need to consider them as separate businesses and opt for set off?

CA Suresh Jain

CA Suresh Jain (Expert)
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31 August 2012 can consider the same business

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CS Pawan Kumar Baid

CS Pawan Kumar Baid (Expert)
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07 September 2012 As to my opinion, both are taxable under different heads, share comes under CG and derivative will come under other sources

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