Speculative and non speculative business
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 June 2012
An assessee is engaged in two business one is Tours and travels and other one is trading in goods, my query is that which one is speculative business and non speculative business.
28 June 2012
Both are non speculative business.
A speculative business is one where profits are earned without taking delivery of goods.
A speculative business is one where profits are earned without taking delivery of goods.
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