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?
CA Suresh Jain
(Expert)
31 August 2012
can consider the same business
Message likes :
1 times
CS Pawan Kumar Baid
(Expert)
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Taxation of crypto futures in India Fy 2026- 2027
- Issuing of delivery challan by seller of goods
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
