Commodity income

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CA jyoti karamchandani (Querist)
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18 October 2013 IN COMPUTATION WHERE WE SHOULD SHOW THE COMMODITY INCOME

CS,CA F,Numrologi TusharSampat (Expert)
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18 October 2013 It should be shown as business income and u should file itr 4 in this regard.

@VaibhavJ (Expert)
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18 October 2013 Yes, Its income from Business & Profession!

Thanks//VaibhavJ

CA jyoti karamchandani (Querist)
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18 October 2013 THANK YOU SIR.....

CA jyoti karamchandani (Querist)
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18 October 2013 ITS A SPECULATION INCOME OR ORDINARY INCOME

CA jyoti karamchandani (Querist)
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18 October 2013 ITS A SPECULATION INCOME OR ORDINARY INCOME

@VaibhavJ (Expert)
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18 October 2013 Hi

If it is your main business then it form part of Business Income.

Thanks

CA jyoti karamchandani (Querist)
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18 October 2013 SHOULD I TAKE THE COMMODITY INCOME AS SPECULATION OR ORDINARY INCOME

CS,CA F,Numrologi TusharSampat (Expert)
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21 October 2013 If u frequently deal in commodity income then its speculative business income and to be disclosed in ITR-4 as business income.

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