18 July 2022
Whether Gain/loss from commodity trades charge under PGBP or Capital Gains ? If charge under PGBP then it will be consider as speculative or non - speculative ?
18 July 2022
Okk then , can we file return by opting 44AD declaring profit at 8% . Turnover will be business turnover plus gain/loss from commodity trades.
18 July 2022
1. Yes, minimum 6% over commodity turnover. 2. For commodity turnover aggregate of absolute values of gains & losses are calculated. 3. If any second business? whether eligible for sec. 44AD? Combine turnover should not exceed Rs. 2 Crs.
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