speculative transaction definition
speculative transaction means a transaction in which a contract for the purchase or sale of any commodity, including stocks and shares, is periodically or ultimately settled otherwise than by the actual delivery or transfer of the commodity or scrips:
speculative transaction means a transaction in which a contract for the purpose or sale of any commodity, including stocks and shares, is periodically or ultimately settled otherwise than by the actual delivery or transfer of the commodity or scrips; Provided that for the purposes of this clause -
speculative transaction means any transaction involving commodity options, futures contracts or similar transactions.
More Definitions of speculative transaction
speculative transaction. 82 means a transaction in which a contract82 for the purchase or sale of any commodity82, including stocks and shares82, is periodically or ultimately82 settled82 otherwise than by the actual delivery82 or transfer of the commodity or scrips:
speculative transaction means a transaction in which a contract for purchase or sale of any commodity or securities is periodically or ultimately settled otherwise than by the actual delivery or transfer of commodity or scrips. Thus, there can be both positive and negative differences in speculative transactions arising from the settlement of contracts. Whether a positive or negative difference, each transaction is an independent transaction. In such transactions, though the contract notes are issued for the full value of the purchased or sold asset, the entries in the books of account are made only for the differences. Accordingly, the aggregate of both positive and negative differences is considered the turnover.
speculative transaction means that unless the transaction was settled by actual delivery or transfer of the commodity, it would be a speculative transaction as held by the
speculative transaction means a transaction in which a contract for the purchase or sale of any commodity, including stocks
speculative transaction means a transaction in which a contract for the purchase or sale of any commodity including stock and shares is periodically or ultimately settled otherwise than the actual delivery or transfer of the commodity or scrips [sec. 43(5)]. For example, N agrees to supply 10 cotton bales to M @