Speculative or non specualtive
This query is : Resolved
10 July 2023
Experts,
Need clarification on below points.
1. Trading in MCX commodity is speculative or non speculative? Trading in intraday or holing till the contract period does it change the nature of specualtive or non speculative?
2. In MCX commodity we select contract as either Future or options, can we say it is Futures and options?
3. Trading in NSE, futures is F & O?
4. In MCX commodity also Futures and in NSE also future does both transaction belongs to Future and options?
Need clarification on below points.
1. Trading in MCX commodity is speculative or non speculative? Trading in intraday or holing till the contract period does it change the nature of specualtive or non speculative?
2. In MCX commodity we select contract as either Future or options, can we say it is Futures and options?
3. Trading in NSE, futures is F & O?
4. In MCX commodity also Futures and in NSE also future does both transaction belongs to Future and options?
10 July 2023
1. Non speculative.
Yes, if the contract note suggests so.
2. Yes.
3. Yes.
4. Correct.
Yes, if the contract note suggests so.
2. Yes.
3. Yes.
4. Correct.
10 July 2023
Thanks for your reply
In MCX comodity market which transaction will be considered as specualtive transactions?
In MCX comodity market which transaction will be considered as specualtive transactions?
10 July 2023
Any spot trading settled before close is speculative in nature.
10 July 2023
Spot trading is intraday trading?
if yes intraday trade can be happen both in case of mcx commodity market (futures) and NSE (future), then is it specualtive or non speculative ?
if yes intraday trade can be happen both in case of mcx commodity market (futures) and NSE (future), then is it specualtive or non speculative ?
10 July 2023
Totally depends upon the contract note, if similar to intraday i.e. settled at the end of day, it will be treated as speculative.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Capital Gain on EUITY Shares
- Scrutiny assessments u/s 143(2) for AY 25-26
- Itr 1 processing
- TDS on payment to CHA as per new section
- Sale of Forign Shares
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
