Gain on sale of commodity on recognised stock exchange
This query is : Resolved
29 July 2013
A person has income through transaction in commodity market through recognised stock exchange. Under which head is such income taxable and at what rate is applicable ? CTT is also not levied on such trading.
Please help me out for such situation.
Please help me out for such situation.
29 July 2013
The income can be shown under the head Profits and Gains of Business.
.
.
30 July 2013
Such situations are related to which section ? And person having such income must be taxable under slab rate only ?
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