Speculation and Non speculation
This query is : Resolved
17 December 2010
plz tell me whether the profit or loss in the following transactions are speculative or non - speculative?
1. Trading in Derivative
2. Trading in Commodity
3. Trading in Futures
4. Trading in Options
1. Trading in Derivative
2. Trading in Commodity
3. Trading in Futures
4. Trading in Options
17 December 2010
Trading in derivatives i. e. futures & options in shares & currency is non specuation business income where derivatives in commodities is specution business.
17 December 2010
Pl go through proviso (d) to section 43(5) of the Income tax Act,1961.
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