Itr return for future commodity trading
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 June 2013
Dear Experts
Plz solve..
1. Income from future and option trading in commodity market will come under which head of income.
2. And Which Itr Form is relevant for this.
Thanks
Ajay
Plz solve..
1. Income from future and option trading in commodity market will come under which head of income.
2. And Which Itr Form is relevant for this.
Thanks
Ajay
16 June 2013
1)any purchase of shares made with the motive of earning profit is considered to be Business income, whereas investments made with the intent of earning income through dividends will amount to capital gain.
2)Trading in futures and options are solely done with the motive of earning profit. Hence income/loss earned from trading Futures & Options is considered to be income/loss from business or profession.Thus you need to file ITR-4 form
How to compute turnover in case of futures/options if 44AB applicable to u,
Please do refer below articles
https://bit.ly/NvBPlQ
Thanks & regards
Ganesh babu k
2)Trading in futures and options are solely done with the motive of earning profit. Hence income/loss earned from trading Futures & Options is considered to be income/loss from business or profession.Thus you need to file ITR-4 form
How to compute turnover in case of futures/options if 44AB applicable to u,
Please do refer below articles
https://bit.ly/NvBPlQ
Thanks & regards
Ganesh babu k
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