Filing return for profit from mcx commodity trading
This query is : Resolved
14 July 2014
I have earned a profit of Rs. 2.50 lacs through mcx commodity trading by trading in futures. Without taking delivery. My salary income also more than 8 lacs. Please tell me in which head of income tax I have to file the return for commodity trading and which itr form I have to use. Thanks
14 July 2014
Income from Commodity trading taxable under the head Profit and Gains of Business & Profession. You need to file ITR4.
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