Income Head of Share Trading
This query is : Resolved
11 May 2009
Plz. answer the following as soon as possible:-
What is meant by :-
1)Daily Trading
2)Forward Trading &
3)Holdin of Shares ?
Under which income head this will come plz. mention like under"Business & Profession" or "Capital Gain"
What is meant by :-
1)Daily Trading
2)Forward Trading &
3)Holdin of Shares ?
Under which income head this will come plz. mention like under"Business & Profession" or "Capital Gain"
11 May 2009
send me test mail i will give u detail reply
11 May 2009
daily trading
means not taking actual delivery of shares, to square off transaction with in same day, this is also called as speculation transaction. this will be taxable under speculation profit, if assesse is having business of share trading then profit of loss can be taken in head of business or profession.
forward trading
means purchse or sell of shares, nifty at f & o (Future & option)where setelment takes place at end of month
holding of share
means taking delivery of share in demat account or physical delivery
means not taking actual delivery of shares, to square off transaction with in same day, this is also called as speculation transaction. this will be taxable under speculation profit, if assesse is having business of share trading then profit of loss can be taken in head of business or profession.
forward trading
means purchse or sell of shares, nifty at f & o (Future & option)where setelment takes place at end of month
holding of share
means taking delivery of share in demat account or physical delivery
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Application of 115BAC
- RCM - commercial rent paid to URP under GST
- Offsetting interest income against derivative trading losses
- TDS NUMBER SURRENDER
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
