Easy Office
LCI Learning

INTRA DAY TRADING

This query is : Resolved 
Profile Image

Profile Image

(Querist)
12 October 2010 Please tell me that Intraday trading Profit is shown where? Profit directly to be shown in Trading A/c or in Profit & Loss A/c.

It is a case of a person dealing in shares only but not a broker.
Profile Image

CA Shailesh Kumar Bhagat

Profile Image

CA Shailesh Kumar Bhagat (Expert)
12 October 2010 income / loss is treated as income from business.
Profile Image

Ankur Goyal

Profile Image

Ankur Goyal (Querist)
12 October 2010 Yes Sir, it is business income. But where it will be shown. In Trading A/c or in P/L A/c.?
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

Ankur Goyal

Profile Image

Ankur Goyal (Querist)
13 October 2010 plz help me....
Profile Image

NITIN SHARMA

Profile Image

NITIN SHARMA (Expert)
19 October 2010 IN MY OPENION AFTER CHARGING BROCRAGE IT SHOULD BE SHOWN TO P& L A/C BECAUSE TO EARN THIS INCOME THE ASSESSEE DID NOT FACED ANY DIRECT EXPENSES.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links