What is Speculative business and non-speculative business? GIve some common examples? What is tax rate on them?
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What is Speculative business and non-speculative business?
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Speculative business in simple terms means the business in which actual delivery of goods does not take place...eg- it can be related to shares...
Non speculative means where actual delivery takes place..like all normal business activities- eg- buying and selling of clothes..
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