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Profit from currency derrivatives

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 May 2013 Whether profit or gain from currency derivatives in recognized stock exchange is treated as speculative or it is an ordinary profit or gain?
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
26 May 2013 To have the regular profit as business income you must have the licence to deal in derivatives otherwise as there is no delivery it is treated as speculation income
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