Mcx profit (commodity profit)
This query is : Resolved
Praveen Jain
(Querist)
29 June 2013
Dear,
i earned MCX Profit(Commodity Profit) in last fy 2012-13 (befor 01 june 2013) of Rs 200000/-
now i want to know that in "income tax return", in which income head it will be added.
i am adding this in "income from other sources" head. is it ryt ?
rgds
Praveen jain
i earned MCX Profit(Commodity Profit) in last fy 2012-13 (befor 01 june 2013) of Rs 200000/-
now i want to know that in "income tax return", in which income head it will be added.
i am adding this in "income from other sources" head. is it ryt ?
rgds
Praveen jain
CA PARAS BAFNA
(Expert)
30 June 2013
It is considered under the head PGBP as Business Income.
.
.
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