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Gain on sale of commodity on recognised stock exchange

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(Querist)
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.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
29 July 2013 The income can be shown under the head Profits and Gains of Business.
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Masum Sottany

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Masum Sottany (Querist)
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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