Comment on Taxation Simplified

Nithin Kamath commented on 25 Jul 2013, 08:43 AM

Commodity trading be it intraday or carry forward similar to equity futures is considered as a business income. So you need to add profits to your other business income or debit losses from other business income. You can also debit all expenses incurred towards commodity trading, after all of this you have to pay tax according to the slab you are in as mentioned on the blog.


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