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What is speculation and non speculation business

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(Querist)
02 July 2023 what is speculation and non speculation business for intraday profit and loss and also for F&O sales and purchase.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
02 July 2023 Intraday profit and loss is speculative and F&O sales and purchase is non speculative.

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