Taxability on shares and commodities
This query is : Resolved
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?
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?
31 August 2012
can consider the same business
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07 September 2012
As to my opinion, both are taxable under different heads, share comes under CG and derivative will come under other sources
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