What tax slab for comodity trading

This query is : Resolved

MT MAHADEVA (Querist)
Follow

09 October 2013 dear sir

i have a habit of comodity trading through demate acount comodity segment on intraday basis

but i dont know wether profit from this is taxable

if taxabl what is the slab ?

till wich level profit is not taxble?

and is 111 a 1961 tax law is aplicable for his segment ?

if i earn about l lakh in a year how much rupee should i pay as tax ?

plese answer with the slab

thanking you,

CA Mohit Bansal

CA Mohit Bansal (Expert)
Follow

09 October 2013 Section 111A is not applicable in this case, as it applies only on short term capital gain on equity shares or units of equity oriented fund