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speculation Business

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(Querist)
02 March 2009 Mr A Purchased scrips of XLtd And On the Same day he sold those scrips, is that a speculation transacton.

Mr A Purchased scrips of XLtd And On the Same day he sold those scrips and purchase another scrips on the same day?
is this a speculation transaction?
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
02 March 2009 yes

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