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Speculation

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(Querist)
02 March 2009 please explain meaning of speculation transaction or business with help of example
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CA LOKESH KASAT, FCA, M.Com

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CA LOKESH KASAT, FCA, M.Com (Expert)
02 March 2009 Dear Sumit,
Speculation Transaction means, sale or purchase of goods without taking actual delievery and which is legally allowed.
The best example in todays senario is commodity market.

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