03 February 2009
I deal in commodities futures (Without delivery). i wanted to know that if buy a contract say for Rs.100 expiring in may 09. and by 31st march 08 its price has reached to Rs.130. Do i have to pay any tax on said profit of Rs.30. for the year 08-09. even when i have not sold the contract untill then. kindly advise me on this issue.
CAclubindia
