all my friendz on club india.... plz make me clear regarding the tax treatmentof mark to market profit as on 31.3.2011 in case of futures trading in MCX n NCDEX IN INCOME TAX TREATMENT IN CASE OF COMPANY ....
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Mark to market profit as on 31.3.2011
Replies (4)
DEAR SUSHANT ,
IT WILL BE TREATED AS BUSINESS INCOME ON ACCRUAL BASIS
| Originally posted by : mayank wadhera | ||
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DEAR SUSHANT , IT WILL BE TREATED AS BUSINESS INCOME ON ACCRUAL BASIS |
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agreed
Hi future C.A pls reply on my query which i have posted before minute under INCOME TAX HEAD
SUB : COMPUTER THE INCOME TAX
It will be treated as business income u/s 28. It will not be treated as speculation profit / loss
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