Speculative business & non- speculative business

This query is : Resolved 

06 February 2014 Wth us the exact difference between Speculative and Non- speculative Business. How to find out.

07 February 2014 with regards to income-tax speculative transactions and non-transactions are differentiated on the basis of delivery of the goods. where trade is settled without the delivery of the good such transactions are considered speculative. please refer section 43(5).


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