This Query has 1 replies
I need clarification on whether profits earned on sale of alloted shares in ipo are taxable, i.e short term capital gain tax attracts on profit earned.?
Please help with any case if any.
my email id is : vikram_ranka2000@yahoo.com
Regards,
Vikram Ranka
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Respected seniors,
Plz help me regarding these questions,
My company (ABC ltd)purchase some gift items from XYZ Ltd and
1.Paid excess amount against the bill
2.The XYZ Ltd return the excess amount after some days and one more thing I don't want to maintain the the XYZ's ledger
So, what will be the accounting entry for these tranjections.
Needs only experts opinion
Thanks in advance.
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whether profit earned on sale of shares alloted in ipo are taxable