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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.
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