https://www.taxtmi.com/article/detailed?id=6273 Whether options and foreign exchange futures are speculative under Section 43(5) depends on statutory definitions: derivatives are instruments deriving value from underlying assets (including foreign currency), and an eligible transaction is one executed electronically through registered intermediaries on recognized platforms and supported by time stamped contract notes with required identity details. Where call/put options or forex contracts meet these execution and documentary conditions and are settled by delivery, they qualify as derivative market transactions and are excluded from the definition of speculative transactions. en-us Sat, 23 May 2015 19:16:44 +0530 Sat, 23 May 2015 19:16:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6273 Whether options and foreign exchange futures are speculative under Section 43(5) depends on statutory definitions: derivatives are instruments deriving value from underlying assets (including foreign currency), and an eligible transaction is one executed electronically through registered intermediaries on recognized platforms and supported by time stamped contract notes with required identity details. Where call/put options or forex contracts meet these execution and documentary conditions and are settled by delivery, they qualify as derivative market transactions and are excluded from the definition of speculative transactions. Articles Income Tax Sat, 23 May 2015 19:16:44 +0530 https://www.taxtmi.com/article/detailed?id=6273