B.Com
21 Points
Joined April 2014
Dear sir
In commodity & currency future tading under section 44ad Clause of 8% of profit of the turn over as per section 44ab is applicable and if other wise loss , below the threshold 8% ,audit necessary .How the turn over in currency future is reckoned and about taxation in case of currency future.If one had traded in ncdex commodity & currency future is it speculative or not .Is there any latest development for speculative / non speculative trading in ncdex .NCDEX is recognised or not.
thax
yash