commodity Trading

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30 November 2010 How Profit is determined in case of Commodity Trading???
Whether Treated s Capital Gain or business Income

30 November 2010 It is speculative business income

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30 November 2010 How to calculate???
Whether there is derivative Segment in Commodity market??

30 November 2010 yes there is derivative Segment in Commodity market through MCX & NCDEX. Profit / loss to be accounted on mark to market basis.

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30 November 2010 What in case Normal cash Segment of commodity market??

01 December 2010 There is no cash segment of commodity market. Only you have option to take delivery at the expiry of the contract.

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01 December 2010 That means normal trader is doing transaction in Derivative Segment as they are not in position to take delievery suchh as crude oil etc??

01 December 2010 yes

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02 December 2010 What documents i ask to broker for calculation of Profit & Turnover??

02 December 2010 profit & loss summary for the year.


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