Respected Sir/Mam,
Want Clarification, whether Currency Derivative traded on NSE/BSE plat form to be treated as Business or it should be speculative in nature.
Awaiting for valuable reply.
Parag P Shah (Assistant) (130 Points)
12 February 2015Respected Sir/Mam,
Want Clarification, whether Currency Derivative traded on NSE/BSE plat form to be treated as Business or it should be speculative in nature.
Awaiting for valuable reply.
Nikhil Kaushik
(Fellow CA)
(85103 Points)
Replied 09 April 2015
no. it is not considered as speculative. refer section 43(5)
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