14 December 2013
Whether intraday tranaactions to be treated as speculative if the business of the assessee is trading in shares and derivatives transactions
15 December 2013
INTRADAY TRANSACTIONS IN SHARES IS TREATED AS SPECULATIVE AS THESE TAKES PLACE WITHOUT ACTUAL DELIVERY. SECTION 43(5) . DERIVATIVE TRANSACTIONS TAKING PLACE IN RECOGNISED STOCK EXCHANGES ARE NORMAL BUSINESS TRANSACTIONS. . INTRADAY DERIVATIVE TRANSACTIONS AARE ALSO TAKING PLACE IN RECOGNISED STOCK EXCHANGES SO THESE ARE NORMAL BUSINESS TRANSACTIONS. SECTION 43(5)(d). .
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