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Non speculative

Direct Taxation

Mean non speculative business ? Textiel business and chemical business it's nornal or non speculative business?

Nivetharaman Raman

CA Inter

★ 11K+

21-Jul-20 22:00

554

Answers (1)

Speculation business - Speculative transaction means a transaction in which contract for purchase and sale of any commodity including stock and shares, is periodically or ultimately settled otherwise than by the actual delivery or transfer of the commodity or scripts other than above is Non-speculative, and Textile and chemical are non-speculative business.