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Speculative business

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 May 2012 If a private company do intra-day trading in future market like MCX, will it be treated as speculative business.

What expenditure can be claimed against these income
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
18 May 2012 Yes it will be speculative business.

Expenses:

1. STT
2. Brokerage, if any
3. AMC of demat account, if any
4. Any other expenditure actually incurred to earn this income.
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CA Piyush Chandanmal Rakhecha

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CA Piyush Chandanmal Rakhecha (Expert)
18 May 2012 Agree with Siddhartha view
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