Please suggest relevant heads of income
This query is : Resolved
12 April 2016
I did 4 transactions in a year.
which heads will these be shown in?????????
1)trading in f&o -loss45000
2)intraday in shares -profit5000
3)sold shares(long term holding) to settle loss of f&o -40000
4)sale of shares(long term holding)- 60000.
12 April 2016
F&O Loss and Intra-day share profit has to be shown under the head PGBP (Business Income).
.
Set off of Rs 40000/- will not be allowed against 3 if STT is payable on 3.
.
3& 4 are to be shown under the head Capital Gains and to be shown as exempt if STT is paid.
.
Set off of Rs 40000/- will not be allowed against 3 if STT is payable on 3.
.
3& 4 are to be shown under the head Capital Gains and to be shown as exempt if STT is paid.
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
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Confusion around Form 26QB fields
- RCM INVOICING FROM NOV-2024
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- 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 einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
