Speculative business
This query is : Resolved
Querist : Anonymous
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
What expenditure can be claimed against these income
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.
Expenses:
1. STT
2. Brokerage, if any
3. AMC of demat account, if any
4. Any other expenditure actually incurred to earn this income.
18 May 2012
Agree with Siddhartha view
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