Commodity trading

This query is : Resolved 
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(Querist)
06 August 2014 how to treat profit derived from commodity trading form Registered Stock exchange?
Can business expenses be deducted from this profit?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
07 August 2014 it will be treated as business income. legitimate business expenses can be claimed against this income
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