Taxes

Speculative Income

A statutory tax classification generally covering intraday equity trading without delivery — distinct from F&O, which is classified as non-speculative business income.

Speculative business income is a specific statutory tax classification generally covering certain non-delivery-based transactions, such as intraday equity trading. It’s distinct from F&O trading, which despite also lacking physical delivery, is specifically classified as non-speculative business income under the Income Tax Act.

See the full speculative vs non-speculative distinction in How F&O Trading Is Taxed in India: A Complete Beginner’s Guide.