About speculation

This query is : Resolved

rama devi (Querist)
Follow

23 September 2016 sir , i have short term capital loss on sale of shares , and i transfered shares , so is this speculation loss or not. and provide differrent between speculative bussiness and normal bussiness relating to shares

CA Sumiit B Nagpal

CA Sumiit B Nagpal (Expert)
Follow

23 September 2016 There are two types of trading /profit/loss- One is delivery based and other is speculation. The best example of speculation is intraday trading. The delivery based trading /profit/loss is a normal business gain/loss. If you have suffered loss either it can be a business loss or short term capital gain loss(STCL). If you are regularly trading for a motive for earning profit it is your business loss however id you have held the shares for investment earlier and now you have sold it it is a capital loss/ Assuming that the transaction in shares was of such shares that are listed on any recognised stock exchange and you have sold the same within a year only then it is STCL which you can carry forward to 8 years. Please share the complete details to provide the accurate treatment.

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

23 September 2016 loss on transfer of shares ....through D-mat..... short term or long term loss (As per period of holding)
speculative loss is where delivery of shares is not taken....

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now