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Whether trading in commodity future is ordinary or speculati

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(Querist)
03 August 2013 Dear Sir,
I want to know that trading in commodity future and option is ordinary business and not speculative business (like in case of trading in Futures and options of shares is Ordinary business).
Further section 43(5) of I . T Act includes purchase or sale of commodity as speculative transactions.

Please clarify it,
Thanks in advance

Regards
Dhiraj Kumar
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
03 August 2013 yes u correctly ref sec43(5) it is speculative business.
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