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Tax treatment of profit of speculative business in commodity

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 June 2012 Please someone tell me the tax treatment of profit earned from speculative business in commodity market
Case: We are dealing in the commodity market as partnership firm. During F/y we earn RS. 12 lakhs profit from trading in commodity market.
How should i file income tax return of Partnership firm for A/Y 2012-13

22 June 2012 you can make a profit loss a/c and file itr-5



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