Taxation

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

26 September 2013 transaction of gold commodity without taking delivery is it normal business transaction or speculative transaction or a capital gain ?????????????? assessee has done more than 2000 future option transactions.

CA Pooja Agarwal

CA Pooja Agarwal (Expert)
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26 September 2013 it is a speculative transaction

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Querist : Anonymous

Querist : Anonymous (Querist)

27 September 2013 Whether these transaction done on frequent basis through recognized stock exchange which is mcx, through its stamp and seal and transaction bill, can we consider this transaction as business transaction as per Section 43(5)? please guide me

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