TREATMENT OF PROFIT/ LOSS
This query is : Resolved
14 January 2010
IN CASE WE ARE A REGISTERED NCDX/MCX COMMODITY EXCHANGE BROKERS.THE PROFIT/LOSS IN FIRM'S OWN DEALINGS WILL BE TREATED WHERE - AS BUSINESS PROFIT/LOSS OR SPECULATIVE PROFIT/LOSS. KINDLY SUGGEST.
14 January 2010
The moot point is whether the investments have been held for the purpose of taking advantage of the price movements or in the nature of speculative nature then the same would not be counted as part of the business profit or loss , but it would counted as the spculative one and vice cersa.
If the Investments have been held for the purpose of a specific mandatory requirements then it would be in the nature of business loss therefore the same would tantamount to non-speculative losses.
If the Investments have been held for the purpose of a specific mandatory requirements then it would be in the nature of business loss therefore the same would tantamount to non-speculative losses.
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