Quarry about income from mcx
This query is : Resolved
27 March 2014
WHETHER PROFIT EARN BY INDIVIDUAL (HAVING ONLY SALARY INCOME) FROM PURCHASE & SALE OF MCX COMMODITIES IS TREATED AS SPECULATION INCOME OR CAPITAL GAIN???
PLEASE INFORM ME TAX TREATMENT OF ABOVE INCOME
PLEASE INFORM ME TAX TREATMENT OF ABOVE INCOME
27 March 2014
it will be business income and only net profit from this activity will be taxed.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Leave encashment and gratuity on death of employee
- Tax Liability on Trading Account in Name of Person with Disability (Autism) Operated by Guardian
- Tcs claim for previous financial year
- Adt1 dsc where to affix?
- Order from Department U/s 74
- COMPLIANCE FOR HUF AFTER DEATH OF KARTA
- IGST ITC RELATED
- IMPORT OF GOODS CREDIT
- GST on Taxi Service
- TDS on Purchase of Goods 194Q
- GST RATE FOR CONSTRUCTION OF ROAD
- Dinner party and 294 Q
- Invertted duty struture
- Clarification Required on GST Rate & HSN Classification – Millet-Based Probiotic Drink
- Itc on mobile phone used for business
- I want to Close my LLP
- Seeking expert opinion on holding vs exit of parternship-owned warehouse business
- TDS Applicability on Adobe Subscription u/s 195
- TDS Return filing if only have 15G /15H deductions and no other payments
- Portuguese Civil Code of 1867
Trending Online Classes
-
Online GST Course - Master the Fundamentals of GST with Practical Insights
Ruhi Joshirao19 January 2026
CAclubindia
