Speculativ nature business
This query is : Resolved
jaykishan khatik
(Querist)
27 February 2012
sir,
my client has business of dealing in disc(C.D.)
he has sold the goods before taking the Delievery in the state in which purchase
whether is it speculative nature transaction or business ?
my client has business of dealing in disc(C.D.)
he has sold the goods before taking the Delievery in the state in which purchase
whether is it speculative nature transaction or business ?
CA PARAS BAFNA
(Expert)
27 February 2012
The transactions are ultimately settled by delivery of goods, so, this is not a speculative transaction.
.
Had he returned /taken the difference to/from customers on the basis of prevailing price of the "commodity" on delivery date, without delivering it,
it can be said a speculative transaction.
.
.
Had he returned /taken the difference to/from customers on the basis of prevailing price of the "commodity" on delivery date, without delivering it,
it can be said a speculative transaction.
.
jaykishan khatik
(Querist)
27 February 2012
i wan more clarification
Example
i m gujarat state dealer i purchase the goods from rajasthan but before taking delievery i sold them in the rajasthan to one of dealer.
if still it is not speculativ ,
give me example of the same
Example
i m gujarat state dealer i purchase the goods from rajasthan but before taking delievery i sold them in the rajasthan to one of dealer.
if still it is not speculativ ,
give me example of the same
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