alleryStart learning →A share contract settled without delivery of the scrips is called what?
ASpeculative transaction
BHedging contract
CCapital transaction
DDelivery-based trade
Answer & Solution
Correct answer: A. Speculative transaction
Section 43(5) defines a speculative transaction as one periodically or ultimately settled otherwise than by actual delivery or transfer.
Keep practising Profits and Gains of Business or Profession
Browse all Profits and Gains of Business or Profession questions for CA Inter, or explore more Taxation topics.
Related questions
Under 44AE, partner pay of a firm is deducted within limits of which section?A heavy goods vehicle of 10 tons gross weight, owned all year: 44AE income?Three non-heavy goods carriages owned all year: presumptive income under 44AE?Under 44AE, a heavy goods vehicle's monthly presumptive income is per ton at?The 44AE presumptive scheme covers owners of at most how many goods carriages?Basic receipts ceiling for presumptive tax on professionals under 44ADA?Presumptive income under 44ADA is what share of a professional's gross receipts?Basic turnover ceiling for an eligible business under 44AD?