Speculative Transaction

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..... he actual delivery or transfer of the commodity or scrips: For the purposes of this clause the following contract shall not be deemed to be a speculative transaction. [i.e. First Proviso to Section 43(5)] (a) a contract in respect of raw materials or merchandise entered into by a person in the course of his manufacturing or merchanting business to guard against loss through future price fluctuatio .....

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..... atives carried out in a recognised stock exchange, which is chargeable to commodities transaction tax under Chapter VII of the Finance Act, 2013 Provided further that for the purposes of clause (e) of the first proviso, in respect of trading in agricultural commodity derivatives, the requirement of chargeability of commodity transaction tax under Chapter VII of the Finance Act, 2013 shall not appl .....

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