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Commodity trading loss treatment

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 July 2013 Dear Experts,

my client is having 4 lacs commodity trading loss in f.y.12-13. please advise where we have to show this loss i.e. business loss or other source loss or capital gain loss. My client is having business income.

Please advise.
Regards,
Vijay Jain
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
26 July 2013 Since it is a trading loss it is speculation business activity so show it as loss from business head and not other source.
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