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commodity trading

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271 Points Posted on 21 August 2019
where should I have to show gain on commodities in income tax return?
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On 21 August 2019 at 15:44 Report
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401 Points Posted on 21 August 2019

It should be shown as business income you need to file ITR-4.

 

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On 21 August 2019 at 16:32
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271 Points Posted on 21 August 2019
ok sir thank you
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On 21 August 2019 at 17:35
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17264 Points Posted on 21 August 2019
Show this gain income under 44AD and you require to pay minimum 6% of Turnover or Actual gain whichever is higher. File ITR4
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On 21 August 2019 at 17:51
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271 Points Posted on 21 August 2019
if gain only 5000/- ?
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On 21 August 2019 at 19:20
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401 Points Posted on 22 August 2019

Still you need to file ITR 4, and disclose 6% to 100 % income from business profession out of 5000.

 

 

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On 22 August 2019 at 08:46


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