SECTION 43(5)
This query is : Resolved
09 August 2010
AS PER SECTION F&O TRANSACTIONS ARE TAKEN AS BUSINESS TRANSACTIONS BUT THE LOGIC IS NOT CLEAR TO ME SO PLEASE EXPLAIN WHY IT SHOULD NOT BE TREATED AS CAPITAL GAIN TRANSACTIONS (SHORT OR LONG) IF NOT SPECULATIVE TRANSACTIONS
AND WHAT ABOUT TRANSACTIONS IN COMMODITY SALE AND PURCHASE AND THEIR FUTURES?
PLEASE CLERIFY IN DETAIL..
AND WHAT ABOUT TRANSACTIONS IN COMMODITY SALE AND PURCHASE AND THEIR FUTURES?
PLEASE CLERIFY IN DETAIL..
Aditya Maheshwari
(Expert)
09 August 2010
Replied here
https://www.caclubindia.com/experts/section-43-5-derivative-transactions-455590.asp
Commodities future trading would be specualtive and delivery transactions would be non speculative.
https://www.caclubindia.com/experts/section-43-5-derivative-transactions-455590.asp
Commodities future trading would be specualtive and delivery transactions would be non speculative.
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