https://www.taxtmi.com/article/detailed?id=7044 Equity oriented derivatives are legally distinct from company shares and do not constitute "shares" for application of the deeming provision that treats trading in shares as speculative. Derivatives lack shareholder rights, have fixed expiry, and derive value from underlying securities or indices. A specific income tax provision and legislative intent exclude trading in derivatives from speculative treatment, and therefore losses on equity derivatives cannot be treated as speculative losses under the deeming explanation applicable to share trading. en-us Sat, 22 Oct 2016 21:13:19 +0530 Sat, 22 Oct 2016 21:13:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7044 Equity oriented derivatives are legally distinct from company shares and do not constitute "shares" for application of the deeming provision that treats trading in shares as speculative. Derivatives lack shareholder rights, have fixed expiry, and derive value from underlying securities or indices. A specific income tax provision and legislative intent exclude trading in derivatives from speculative treatment, and therefore losses on equity derivatives cannot be treated as speculative losses under the deeming explanation applicable to share trading. Articles Income Tax Sat, 22 Oct 2016 21:13:19 +0530 https://www.taxtmi.com/article/detailed?id=7044