TAXABILITY OF SPECULATIVE TRANSACTION

This query is : Resolved

suresh s. tejwani (Querist)
Follow

22 July 2023 HOW TO CALCULATE TURNOVER OF SPECULATIVE TRANSACTION OR NON-SPECULATIVE TRANSACTION ?

WHETHER TOTAL OF PROFIT AND LOSS NEED TO BE CONSIDERED AS TURNOVER ?
OR CAN BE SHOWN AS SHORT TERM CAPITAL GAIN ?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

22 July 2023 ICAI has provided guidelines for calculation of turnover of different business transactions, be speculative or non-speculative; but it cannot be declared as short term capital gain/loss without taking delivery of the goods/scripts.