banner_ad

Taxability on shares and commodities

This query is : Resolved 
Profile Image

Profile Image

(Querist)
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?
Profile Image

CA Suresh Jain

Profile Image

CA Suresh Jain (Expert)
31 August 2012 can consider the same business
Profile Image

CS Pawan Kumar Baid

Profile Image

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


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details