English, asked by omprakashprajapati67, 1 month ago

Explain speculative business income.

Answers

Answered by nitinpranavsavanth

0

Explanation:

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.

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