Poonawalla fincorp
Poonawalla fincorp

Speculative business

This query is : Resolved 

09 August 2014 Which types of business are considered as speculative business under income tax?

09 August 2014 Speculative business is defined in Section 43 to mean a transaction in which a contract for the purchase or sale of any commodity, including stocks and shares, is periodically or ultimately settled otherwise than by the actual delivery or transfer of the commodity or scrips

For eg, intra-day trading in shares

09 August 2014 you get the detail from below link

law.incometaxindia.gov.in/dittaxmann/incometaxacts/.../casesec43(5).ht




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