Profit and gains from business\profession
This query is : Resolved
21 June 2018
What is speculative business? which transactions covered under speculative transactions??
KAVIRAJA ADDANGADI
(Expert)
21 June 2018
Speculation involves trading a financial instrument involving high risk, in expectation of significant returns.
Speculation includes the buying, holding, selling,and short-selling of stocks,bonds, commodities,currencies,collectibles,real estate,derivatives or any valuable financial instrument.
Speculation involves trading a financial instrument involving high risk, in expectation of significant returns.
Speculation includes the buying, holding, selling,and short-selling of stocks,bonds, commodities,currencies,collectibles,real estate,derivatives or any valuable financial instrument.
22 June 2018
Sir, but if individual has only income from purchasing and selling of listed equity shares whether comes under Short term capital gain or under speculative business
KAVIRAJA ADDANGADI
(Expert)
22 June 2018
Mere investment in security not amount. To Speculation income, Gain or loss on security considered as capital gains.
Nikhil Kaushik
(Expert)
22 June 2018
if you are not taking delivery of the securities ie you are dealing in intraday or obligations trade, then it is covered as speculative trading.
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