Speculation involves trading a financial instrument involving high risk, in expectation of significant returns.
Speculation includes the buying, holding, selling,and short-selling of stocks,bonds, commodities,currencies,collectibles,real estate,derivatives or any valuable financial instrument.
22 June 2018
Sir, but if individual has only income from purchasing and selling of listed equity shares whether comes under Short term capital gain or under speculative business
22 June 2018
if you are not taking delivery of the securities ie you are dealing in intraday or obligations trade, then it is covered as speculative trading.
CAclubindia
