Speculation business
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 August 2016
Sir
I have received from my client is doing trading in shares during 2015-16.
he has provided me a profit and loss a/c of shares trading from shares brokers.
my client is not maintaining books of accounts.
in this profit and loss A/c is showing
Name of company oty buy buy rate amount Qty sale sale rate amount Profit /loss
Speculation profit /loss to the party
Name of company oty buy buy rate amount Qty sale sale rate amount Profit /loss
Short term capital profit/ loss to the party
Name of company oty buy buy rate amount Qty sale sale rate amount Profit /loss
Notional profit/ loss to the party
my question are
Ho w can I show in Income Tax return?
I have received from my client is doing trading in shares during 2015-16.
he has provided me a profit and loss a/c of shares trading from shares brokers.
my client is not maintaining books of accounts.
in this profit and loss A/c is showing
Name of company oty buy buy rate amount Qty sale sale rate amount Profit /loss
Speculation profit /loss to the party
Name of company oty buy buy rate amount Qty sale sale rate amount Profit /loss
Short term capital profit/ loss to the party
Name of company oty buy buy rate amount Qty sale sale rate amount Profit /loss
Notional profit/ loss to the party
my question are
Ho w can I show in Income Tax return?
02 August 2016
you just need short term or long term gain out of it..
details are not required..
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