TRADING IN CURRENCY FUTURES – WHETHER SPECULATIVE?

[subash agarwal,Adv kolkata]

TRADING IN CURRENCY FUTURES – WHETHER SPECULATIVE?

Read this exclusive article at

http://subashagarwal.blogspot.in/search/label/TRADING%20IN%20CURRENCY%20FUTURES%20%E2%80%93%20WHETHER%20SPECULATIVE%3F

[vsaiyar]

you have restricted your discussion to section43(5) and did not deal with Sec.73.  Without discussing the issues involved in sec.73 the discussion is incomplete.

[camanojgupta]

The Central Government notified the following stock exchanges as recognised stock exchanges for the purposes of the clause (ii) in the Explanation to clause (d) of the proviso to clause (5) of section 43
(A) National Stock Exchange of India Limited, Mumbai
(B) Bombay Stock Exchange Limited, Mumbai
(C) MCX Stock Exchange Ltd. [ This exchange undertakes derivative transaction in cuurency only. Commodity derivative transactions are carried out at Multi Commodity Exchange of India Ltd.]
(D) United Stock Exchange of India Limited [  [ This exchange undertakes derivative transaction in cuurency only.]
Derivative transactions done at above exchanges are treated as business transactions.
CA MANOJ GUPTA
JODHPUR
09828510543

[subash agarwal,Adv kolkata]

Dear Manojji,

Thanks for your feedback. I have made necessary changes in the article.


Regards!!!

[subash agarwal,Adv kolkata]

Dear Mr.vsaiyar,

Expl. to sec 73 applies to trading in shares only  as explicitly mentioned in the provision. So, I did not deem it necessary to deal with the same.

Thanks & Regards!!!