Gain on commodity exchange transactions

Sagar K (Chartered Accountant) (29 Points)

13 July 2016  
Whether gain derived on Commodity exchange transactions on which CTT is paid is considered as Capital gain or Business Income? Whether it will be speculative income or non-speculative income ? If it is considered as capital gain then will it be treated same as capital gain u/s 111a and do we have to report total sell value less purchase value or only profit portion of it under ITR ?