capital gain.

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sang

sang (Querist)
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07 August 2007 what is speculative business????
please explain the exceptions

sang

sang (Querist)
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07 August 2007 pl xplain

sang

sang (Querist)
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10 August 2007 -

KAAPIL

KAAPIL (Expert)
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31 October 2007 Speculation is done to earn quick money. There can be profit or loss. In shares if you do intra-day then that is speculation. In land dealings if you buy for short term and sell it is speculation. You must clarify the intention of the transaction to clarify further.

Ravikumar.G

Ravikumar.G (Expert)
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06 November 2007 Section 43(5) of the IT act, a transaction involving a contract for purchase and sale of commodities, including stocks and shares, which is periodically or ultimately settled other than by actual delivery or transfer of commodities or scrips. Transfer of Derivatives - Not a Speculative business.

KAAPIL

KAAPIL (Expert)
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08 November 2007 Thnaks for the secondment.

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