Taxability on shares and commodities

This query is : Resolved

Mr.Doubt (Querist)
Follow

28 August 2012 Dear Experts,

My client is a salaried employee and he is trading in shares and commodities, as he dealing with these for speculation, I considered it under PGBP.
He has profit from Shares trading (Short term) and loss from commodities trading (short term, now my doubt is can I treat theses two tradings as one business or need to consider them as separate businesses and opt for set off?

CA Suresh Jain

CA Suresh Jain (Expert)
Follow

31 August 2012 can consider the same business

Message likes : 1 times

CS Pawan Kumar Baid

CS Pawan Kumar Baid (Expert)
Follow

07 September 2012 As to my opinion, both are taxable under different heads, share comes under CG and derivative will come under other sources

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Santosh Behera

KANHA ASSOCIATES

Smrity

Rajasekar

Rajesh

Subscribe Now

Taxability on shares and commodities

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

GST CONSULTANCY

Manager- Finance and Compliance

GST CONSULTANT

Senior Executive

Accountant