Legal glossary
“speculative transaction”
Defined in 1 Acts. A definition holds for the Act that gives it; the same word can mean something else in another Act.
The Income-tax Act, 1961 · s. 43
(5) "speculative transaction" means a transaction in which a contract for the purchase or sale of any commodity, including stocks and shares, is periodically or ultimately settled otherwise than by the actual delivery or transfer of the commodity or scrips: Provided that for the purposes of this clause—
Read section 43