SPECU;ATIVE &NOM SPECULATIVE
This query is : Resolved
29 December 2008
SIR, BEFORE 25 JAN 2006 FNO TRANSACTION SPECULATIVE OR NON SPECULATIVE.
30 December 2008
The Amendment of section 43(5) is not with reterospective effect. As such, the profit or loss fron F&O transactions except the trades of hedging nature, is speculative and after the amendments it is non speculative.
31 December 2008
The Amendment of section 43(5) is not with reterospective effect. As such, the profit or loss fron F&O transactions except the trades of hedging nature, is speculative and after the amendments it is non speculative.any clarification why it efect after 25-01-2006 not apply 01-04-2005.
Dhirajlal Rambhia
(Expert)
23 June 2023
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