Profit From trading in MCX Taxable income Rate?

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This discussion clarifies the tax treatment of profits earned from trading on MCX. It confirms that such profits are considered taxable income and should be declared under the PGBP (Profits and Gains from Business or Profession) head. The tax rate applied will be based on your individual income slab rate.

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(Querist)
05 February 2025 Profit From trading in MCX income tax Rate & which income head?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
05 February 2025 At Slab rate.... under PGBP head (Business income) ..
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mahi devta

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mahi devta (Querist)
05 February 2025 thanks sir for reply
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
05 February 2025 You are welcome.
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