speculative transaction & capital gain transaction
This query is : Resolved
Abhishek Goel
(Querist)
12 February 2010
sir,
please tell me that when a transaction will cover under speculative business & when it will cover under capital gain
please tell me that when a transaction will cover under speculative business & when it will cover under capital gain
12 February 2010
Any transaction which is normal income activity for the assessee will be cover under PGBP and if any asset transferred which is not Stock-in-trade(means assessee is not normally engaged sale/purchase of that business) then it will cover under CAPITAL GAIN.
SPECULATIVE BUSINESS: means a set-off of Gain or Loss without actual delivery of good/asset, whereas in CAPITAL GAIN you will have to transfer Capital Asset.
Based on above you will find answer of your question.
Regards!!!
Dinesh S. Adhikari
SPECULATIVE BUSINESS: means a set-off of Gain or Loss without actual delivery of good/asset, whereas in CAPITAL GAIN you will have to transfer Capital Asset.
Based on above you will find answer of your question.
Regards!!!
Dinesh S. Adhikari
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