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Section 43(5) - Meaning of term "Speculative Transaction"

Section 43(5) - Meaning of term Speculative Transaction - Income Tax - Profit and Gains of Business or Profession - 06 - SEC - 43(5): MEANING OF SPECULATIVE TRANSACTION This section defines a speculative transaction to mean a transaction in which a c .....

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manufacture to guard against loss through future price fluctuations contract for stocks and shares entered by a dealer to guard for loss of holdings through future price fluctuations contract entered by member of forward market for jobbing or arbitr .....

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speculative transaction even if no deliveries are effected. Provided that an eligible transaction carried out in respect of trading in derivatives in commodities in a recognised association shall not be deemed to be a speculative transaction provided .....

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n transaction. Forward contract on commodities other than agricultural commodities will not be regarded as speculative transaction. Forward contract on agricultural commodities will be treated as speculative transactions. A transaction shall be regar .....

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carried out through a duly registered stock broker or sub-broker. It is carried out on a recognized stock exchange. It is supported by a duly stamped contract note issued by such stock broker or sub-broker or intermediary to its client the contract .....

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