whether transcation are speculative or not

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 July 2010 1.in bse cash segment transaction are suared up & delivery not received in DEMET a/c whether it is speculative or not.Assesse have metal business income only.
2.for calculating gain or loss in share market, should be consider gain or loss on closin stock share,if yes then what price ( Market price or cost price )is consider for calculating gain or loss on cloing stock of shares

CA. Anoop Gadia

CA. Anoop Gadia (Expert)
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18 July 2010 1. IT IS SPECULATIVE TRANSACTIONS.
2. IN BUSINESS CLOSING STOCK VALUED AT COST AND NRV WHICH IS LESS SO YOU ALSO CONSIDER LOSS IN CLOSING STOCK IF YOU TAKEN SHARES TRADING AS BUSINESS.

CA. Anoop Gadia

CA. Anoop Gadia (Expert)
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18 July 2010 NRV MEANS NET REALIZABLE VALUE (MARKET VALUE LESS EXP.)

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