banner_ad

Gain on commodity exchange transactions

Others 269 views 2 replies
Whether gain derived on Commodity exchange transactions on which CTT is paid is considered as Capital gain or Business Income? Whether it will be speculative income or non-speculative income ? If it is considered as capital gain then will it be treated same as capital gain u/s 111a and do we have to report total sell value less purchase value or only profit portion of it under ITR ?
Replies (2)

The gain on commodity transaction carried out through relevant exchange is treated as business income...So, all the tax treatement for the business income will applicable in this case.

Is it considered as Non-speculative business if CTT paid on it ? If it is treated as normal business then do we report only profit derived from it as turnover and claim expenses related to it against it ? Whether rules followed in case of Future and options trading applies here ?


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details