Profit from trading in commodity is Rs. 162171. trade done under indian commodity exchange limited. How to show this income under income tax return and is it speculation income or not. Trade done without taking actual delivery. Income under which head to be taken.
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Profit from commodity trading
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Its a profit trom speculation business.. u ned to show such profit as pgbp income..
I have a case in which i filed the return with 1.5L of normal profit and 4.5 L of speculation loss... but got order from Deptt showing 6L of biz profit.. wat to do.... how to recctify the return or revise the return.
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