Whether a STCL in commodities market be Set Off against STCG in BSE?
Please cite related provisions or case law, if any.
Thanks in advance.
Rupa Agarwal (Service) (137 Points)
15 April 2011Whether a STCL in commodities market be Set Off against STCG in BSE?
Please cite related provisions or case law, if any.
Thanks in advance.
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 15 April 2011
STCL in commodity market ?
as far as we know the commodity market is non delivery base trades, so it may be deriatives business in future trades, its business income, not a capital gain/loss.
Rupa Agarwal
(Service)
(137 Points)
Replied 18 April 2011
Originally posted by : U S Sharma | ||
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STCL in commodity market ? as far as we know the commodity market is non delivery base trades, so it may be deriatives business in future trades, its business income, not a capital gain/loss. |
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dat means trading in commodities market is a speculation business??
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 18 April 2011
speculation = intraday trades of delivery / non delivery based trades
business income = positional non delivery based trades ( F&O)
capital gain = delivery ( demat holding) trades.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)