Whether ncdex stock exchange is recognised stock exchange
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 September 2012
Dear sir,
I want to know whether NCDEX exchange Ltd. is recognised exchange as per section 43(5)(d)(ii) Income tax Act 1961 in which it is given the transaction entered into these recognised stock exhange are not in the nature of speculation transaction. whether transaction of NCDEX are of recognised exchange as per securities regulation Act 1856 or not. Please reply the same.
I want to know whether NCDEX exchange Ltd. is recognised exchange as per section 43(5)(d)(ii) Income tax Act 1961 in which it is given the transaction entered into these recognised stock exhange are not in the nature of speculation transaction. whether transaction of NCDEX are of recognised exchange as per securities regulation Act 1856 or not. Please reply the same.
Amol S Joglekar
(Expert)
19 September 2012
It is very much recognised exchange. However the group is divided on this issue.
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