SPECULATION BUSINESS INCOME

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Kashish

Kashish (Querist)
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29 December 2009 WHAT IS EXACTLY SPECULATION INCOME ?
DOES IS MEAN SHARE TRADING ?

Arjuna Raina

Arjuna Raina (Expert)
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29 December 2009 yes

Kashish

Kashish (Querist)
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29 December 2009 Thank YOU sir
But can you give me its exact defination ?

CA SURENDRA KUMAR RAKHECHA

CA SURENDRA KUMAR RAKHECHA (Expert)
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29 December 2009 When the purpose of a transaction entered between the parties is settled by price differences of two different TIMES without effecting DELIVERY of the GOODS TRANSACTED; then such DEALS are known as SPECULATION.

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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29 December 2009 agree

Arjuna Raina

Arjuna Raina (Expert)
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30 December 2009 In finance, speculation is a financial action that does not promise safety of the initial investment along with the return on the principal sum.Speculation typically involves the lending of money or the purchase of assets, equity or debt but in a manner that has not been given thorough analysis or is deemed to have low margin of safety or a significant risk of the loss of the principal investment

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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31 December 2009 yes,share trading is speculation income

CA SURENDRA KUMAR RAKHECHA

CA SURENDRA KUMAR RAKHECHA (Expert)
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01 January 2010 Share Trading is not speculation but Day Trading (Square off the transation in same day) in Shares in speculation.

Even dealings in derivaties in shares is not speculation as per amendments.

Kashish

Kashish (Querist)
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02 January 2010 Thank You very much sir.

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