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futures and options

This query is : Resolved 
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(Querist)
09 July 2008 whether regular trading in futures is speculative transaction or not?
has incometax department has issued any circullar regarding this?
thanks and regards
amit Gawade
9422311848
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
09 July 2008 Profit or Loss from Derivatives trading in securities is not speclative in view of provio (d) to sub section 5 of Section 43 of the iT Act.
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