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.
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