Comment on Taxation Simplified
commented on
18 Dec 2013, 06:11 PM
Until now what head to file returns while trading commodities has been ambiguous, the Fin act 2013 has clarified it saying it will be a business loss/gain and not speculative loss/gain. How you declare your previous years, hmmm I’d personally consider it as a business loss, but it is best to follow what your CA says.