Tally for CAs in Industry Silver Edition (Single User) Tally Renewal (Auditor Edition) Need Tally for Clients? (Tie-up with us!!!)
Open DEMAT Account with in 24 Hrs and start investing now!
Direct Tax »
Open DEMAT Account in 24 hrs
 CBDT notifies National Council of Science Museums eligible for Income Tax Exemption
 Retro tax withdrawal bill aimed for investors' confidence in India: CBDT
 CBDT grants further relaxation in e-filing of Income Tax Forms. Details here
 Direct tax collection jumps by 112 per cent
 Don't forget mandatory disclosures while filing your income-tax returns
 Looking to file Income Tax Return? Check all the precautions while filing ITR
 Direct Link, Latest Income Tax Exemptions Income Tax Return ITR Filing
 Income Tax Return ITR Filing Last Date: Taxpayers Must Do THESE 6 Things By July 31
 How to save Income Tax if you are doing freelancing with a regular job
  CBDT extends due date to file Form 15CA/15CB manually Income tax
 Segregating income in these 5 heads can simplify ITR filing Income tax calculator

NSE commodities segment gets recognition from CBDT, traders to get tax benefita
December, 02nd 2019

The approval will benefit traders in relation to trading in commodity derivatives segment of the NSE as the derivative income will be treated as business income.

Leading bourse NSE on November 29 said it has received the approval as 'Recognized Association' from Central Board of Direct Taxes (CBDT) for its commodity derivatives segment, a move that will give tax benefit to traders.

This comes after the exchange made an application to CBDT, which observed that the National Stock Exchange (NSE) has complied with all the necessary conditions and thus accorded the approval, the bourse said in a statement.

The approval will benefit traders in relation to trading in commodity derivatives segment of the NSE as the derivative income will be treated as business income.

Furthermore, all the benefits under the Income Tax provisions relating to business income including carried forward and set-off of losses will also be available.

The approval is required under the Income Tax Act which states that transactions in relation to commodity derivatives shall be taxed as business income provided the same has been done on Recognised Association. The recognition is subject to approval by CBDT and fulfilling specified conditions.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2021 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting