Speculation transaction or not
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 November 2013
Kindly suggest whether transaction with MCX for purchase/ sale of commodity ( like copper, natural gas, zinc,crude oil etc.) will be treated as speculation transaction or not. Please clarify your answer in two situation :
1. when actual delivery take
2. without actual delivery take
1. when actual delivery take
2. without actual delivery take
CA PARAS BAFNA
(Expert)
09 November 2013
For this FY 2013-14 transactions 1 & 2 are
not speculative.
.
For FY 2012-13 transaction 1 is not speculative.
.
.
not speculative.
.
For FY 2012-13 transaction 1 is not speculative.
.
.
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