Shares investment
This query is : Resolved
10 June 2014
I m trying to make account for year 2009-2012 .
Transaction type is shares : delivery based, F&O and short selling and intra day .
--) is short selling and f&O transactions are speculative ??
--) if I have 500 shares of abc ltd purchased on 10-4-2009 .
If I bought 100 shares again on 12-4-2009 and sold 200 shares on same day, what quantum is intra day and what is normal?
Nikhil Kaushik
(Expert)
10 June 2014
1. short selling is speculative
2. F&O trade is not speculative (refer section 43(5)
3. practically there will be only 100 sold delivery in this case. The remaining 100 is the speculative part.
2. F&O trade is not speculative (refer section 43(5)
3. practically there will be only 100 sold delivery in this case. The remaining 100 is the speculative part.
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