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Derivative

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(Querist)
14 December 2013 Whether intraday tranaactions to be treated as speculative if the business of the assessee is trading in shares and derivatives transactions
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
15 December 2013 INTRADAY TRANSACTIONS IN SHARES IS TREATED AS SPECULATIVE AS THESE TAKES PLACE WITHOUT ACTUAL DELIVERY. SECTION 43(5)
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DERIVATIVE TRANSACTIONS TAKING PLACE IN RECOGNISED STOCK EXCHANGES ARE NORMAL BUSINESS TRANSACTIONS.
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INTRADAY DERIVATIVE TRANSACTIONS AARE ALSO TAKING PLACE IN RECOGNISED STOCK EXCHANGES SO THESE ARE NORMAL BUSINESS TRANSACTIONS.
SECTION 43(5)(d).
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