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commodity Trading

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 November 2010 How Profit is determined in case of Commodity Trading???
Whether Treated s Capital Gain or business Income
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
30 November 2010 It is speculative business income
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Querist : Anonymous

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Querist : Anonymous (Querist)
30 November 2010 How to calculate???
Whether there is derivative Segment in Commodity market??
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
30 November 2010 yes there is derivative Segment in Commodity market through MCX & NCDEX. Profit / loss to be accounted on mark to market basis.
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Querist : Anonymous

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Querist : Anonymous (Querist)
30 November 2010 What in case Normal cash Segment of commodity market??
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
01 December 2010 There is no cash segment of commodity market. Only you have option to take delivery at the expiry of the contract.
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Querist : Anonymous

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Querist : Anonymous (Querist)
01 December 2010 That means normal trader is doing transaction in Derivative Segment as they are not in position to take delievery suchh as crude oil etc??
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
01 December 2010 yes
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Querist : Anonymous

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Querist : Anonymous (Querist)
02 December 2010 What documents i ask to broker for calculation of Profit & Turnover??
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
02 December 2010 profit & loss summary for the year.

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