Question

Explain speculative business income.​

Answer 1

Explanation:

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Speculation involves trading a financial instrument involving high risk, in expectation of significant returns. The motive is to take maximum advantage from fluctuations in the market. Description: Speculators are prevalent in the markets where price movements of securities are highly frequent and volatile.

Answer 2

Answer:

Income from intra-day trading is considered as speculative income and taxed as per standard slab. ... It states that a transaction of purchase or sale of a commodity including stocks and shares settled otherwise than by actual delivery or transfer of the commodity or scrip is a speculative transaction.