Why Is F & O Transaction Business Activity From 25/1/2006 And Not From 1/4/2005?

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Whether Trading in Nifty Futures, amount to trading in derivates and as a result not a speculative transaction as per the amendment to sec 43(5) by Fiance act 2005. RAMESH V RAICHUR, BelgaumFutures and option trading-whether in individual shares or Nifty futures – was regarded as speculation business as per section 43(5) of the I T…

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