commodity futures - Speculative or not
This query is : Resolved
18 June 2010
dear friends
suppose someone carries out future trading in commodities on a recognised commodity exchange like mcx, ncdex etc. and having regards to volume etc., he decides to treat it as his business income and not capital gain income.
Now whether such a transaction will be regarded as speculative business or non-speculative business???
Kindly, reply at the earliest and thanks in advance
suppose someone carries out future trading in commodities on a recognised commodity exchange like mcx, ncdex etc. and having regards to volume etc., he decides to treat it as his business income and not capital gain income.
Now whether such a transaction will be regarded as speculative business or non-speculative business???
Kindly, reply at the earliest and thanks in advance
19 June 2010
It is not speculative business.
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