Commodity Profit Tax Treatment

Can I treat my one time commodity profit as 'Income from Other Sources'?

Please help....

as the one time profit is incidental and it does not confirm the "profit and gains of business and profession", so you can add net gains in income from other sources, but if its regular in nature then u have to show such transaction in business income.

Dear Rahul, 

Profit from trading in commodities CAN NOT be income from other sources. It has to be either speculative income or business income. Section 56 to 58 clearly define the income that has to be taken in other sources. So, please categorise it at either speculative or business income even if it is a one time activity or not a regular thing.