Menu
commodity trading
where should I have to show gain on commodities in income tax return?
Replies (5)
It should be shown as business income you need to file ITR-4.
ok sir thank you
Show this gain income under 44AD and you require to pay minimum 6% of Turnover or Actual gain whichever is higher. File ITR4
if gain only 5000/- ?
Still you need to file ITR 4, and disclose 6% to 100 % income from business profession out of 5000.
Recent Topics :
- Guidance Required on Filing Fresh Registration und
- IT Return Refund Status AY 2026-27
- Clarification Regarding Income Tax Demand Notice
- Online PAN Download: Check How?
- Demand of Late fee/Interest under section 75 of GS
- DSC registration on TRACES portal
- Can we get registered for MCA if we get a Virtual
- DONATION PAYMENT REG
- GST IDS Refund – Statement 01A: Invoice Not
- TDS deposit code & TDS return
Related Topics :
CAclubindia
