Easy Office
Easy Office

Speculation and Non speculation

This query is : Resolved 
Profile Image

Profile Image

(Querist)
17 December 2010 plz tell me whether the profit or loss in the following transactions are speculative or non - speculative?
1. Trading in Derivative
2. Trading in Commodity
3. Trading in Futures
4. Trading in Options
Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
17 December 2010 Trading in derivatives i. e. futures & options in shares & currency is non specuation business income where derivatives in commodities is specution business.
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
17 December 2010 Pl go through proviso (d) to section 43(5) of the Income tax Act,1961.
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links