What tax slab for comodity trading
This query is : Resolved
MT MAHADEVA
(Querist)
09 October 2013
dear sir
i have a habit of comodity trading through demate acount comodity segment on intraday basis
but i dont know wether profit from this is taxable
if taxabl what is the slab ?
till wich level profit is not taxble?
and is 111 a 1961 tax law is aplicable for his segment ?
if i earn about l lakh in a year how much rupee should i pay as tax ?
plese answer with the slab
thanking you,
i have a habit of comodity trading through demate acount comodity segment on intraday basis
but i dont know wether profit from this is taxable
if taxabl what is the slab ?
till wich level profit is not taxble?
and is 111 a 1961 tax law is aplicable for his segment ?
if i earn about l lakh in a year how much rupee should i pay as tax ?
plese answer with the slab
thanking you,
CA Mohit Bansal
(Expert)
09 October 2013
Section 111A is not applicable in this case, as it applies only on short term capital gain on equity shares or units of equity oriented fund
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