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Speculation transaction or not

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 November 2013 Kindly suggest whether transaction with MCX for purchase/ sale of commodity ( like copper, natural gas, zinc,crude oil etc.) will be treated as speculation transaction or not. Please clarify your answer in two situation :
1. when actual delivery take
2. without actual delivery take
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
09 November 2013 For this FY 2013-14 transactions 1 & 2 are
not speculative.
.
For FY 2012-13 transaction 1 is not speculative.
.
.

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