What is Speculative business and non-speculative business? GIve some common examples? What is tax rate on them?
vinayak c. chavan (CPT passed) (1011 Points)08 March 2011
Replied 08 March 2011
Speculative business in simple terms means the business in which actual delivery of goods does not take place...eg- it can be related to shares...
Non speculative means where actual delivery takes place..like all normal business activities- eg- buying and selling of clothes..
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