Speculative business
This query is : Resolved
09 August 2014
Which types of business are considered as speculative business under income tax?
09 August 2014
Speculative business is defined in Section 43 to mean a transaction in which a contract for the purchase or sale of any commodity, including stocks and shares, is periodically or ultimately settled otherwise than by the actual delivery or transfer of the commodity or scrips
For eg, intra-day trading in shares
For eg, intra-day trading in shares
09 August 2014
you get the detail from below link
law.incometaxindia.gov.in/dittaxmann/incometaxacts/.../casesec43(5).ht
law.incometaxindia.gov.in/dittaxmann/incometaxacts/.../casesec43(5).ht
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