Taxation in commodity trading

#1
hi everybuddy,
i am soon gonna start trading commodities in mcx & ncdex. mostly intraday trades.
can anyone please tell me how will i be taxed?
do i have to pay short term capital gains tax or normal tax as per slabs?
thnx
 
#2
hi everybuddy,
i am soon gonna start trading commodities in mcx & ncdex. mostly intraday trades.
can anyone please tell me how will i be taxed?
do i have to pay short term capital gains tax or normal tax as per slabs?
thnx
any income or loss will be treated as your business income / loss and will be taxed accordingly, if this is your second business (side business/ hobbies) then if you can deduct losses in derivatives against other income reducing your tax burden. contact your CA if you are able to make money this way ;)
 

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