Hi all,

Being a seller of forward contract do we need to book the losses/gains in our books.


Thanks in advance

can share application money taken in cash from directors and others

1. Can shares be issued or transferred to minor?
2.If yes then whether his name be admitted in register and share certificate be issued in this name??

Thanks in advance

act says
Definitions of certain terms relevant to income from profits and gains of business or profession

speculative transaction" means a transaction in which a contract for the purchase or sale of any commodity, including stocks and shares, is periodically or ultimately settled otherwise than by the actual delivery or transfer of the commodity or scrips:

Provided that for the purposes of this clause—

(a) a contract in respect of raw materials or merchandise entered into by a person in the course of his manufacturing or merchanting business to guard against loss through future price fluctuations in respect of his contracts for actual delivery of goods manufactured by him or merchandise sold by him; or

(b) a contract in respect of stocks and shares entered into by a dealer or investor therein to guard against loss in his holdings of stocks and shares through price fluctuations; or

(c) a contract entered into by a member of a forward market or a stock exchange in the course of any transaction in the nature of jobbing or arbitrage to guard against loss which may arise in the ordinary course of his business as such member; 34[or]

34[(d) an eligible transaction in respect of trading in derivatives referred to in clause 35[(ac)] of section 236 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956) carried out in a recognised stock exchange;]

shall not be deemed to be a speculative transaction.

look at point (b) & (d)..... since as an investor I hold shares & transaction is done electronically so does it means it is not an speculative income hence not income from business or profession

if, anywhere else also in the act it is mention plz share

hi,
1. is it mandatory to show F&O loss in ITR
2. Whether F&O transactions are business income/speculative income/capital gain for a salaried person (who is not a sub broker/employee in a brokerage house/professional trader),
3. act says "speculative transaction" means a transaction in which a contract for the purchase or sale of any commodity, including stocks and shares, is periodically or ultimately settled otherwise than by the actual delivery or transfer of the commodity or scrips:

Provided that for the purposes of this clause—

(a) a contract in respect of raw materials or merchandise entered into by a person in the course of his manufacturing or merchanting business to guard against loss through future price fluctuations in respect of his contracts for actual delivery of goods manufactured by him or merchandise sold by him; or

(b) a contract in respect of stocks and shares entered into by a dealer or investor therein to guard against loss in his holdings of stocks and shares through price fluctuations; or

(c) a contract entered into by a member of a forward market or a stock exchange in the course of any transaction in the nature of jobbing or arbitrage to guard against loss which may arise in the ordinary course of his business as such member; 34[or]

34[(d) an eligible transaction in respect of trading in derivatives referred to in clause 35[(ac)] of section 236 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956) carried out in a recognised stock exchange;]

shall not be deemed to be a speculative transaction."

but nowhere it is written that derivatives dealing is a business income, is anywhere in Indian Income tax act it is mentioned please share it with all

respected sir,
i want to know about the basics of shares . which shares to choose ,wat things to be seen while choosing it.
i am a biginer in this world
plz luk into my query

Issued 6000 shares of Rs 100/share at a premium of 40%. what is the minimum application amount to be collected per share??? plz give the required details as to minimum % to be collected ?

Dear All,

What is the amount of revenue stamp to be affixed on share certificates of pvt company in kolkata?

As far as i know it is Re.1 irrespective of the amount.

Plz clarify my doubt.

Dear Experts,

Kindly let me know what is the Validity Period of a Share Purchase Agreement.

If the parties have entered into Share purchase Agreement on 10/07/2012, then till what date this agreement will be valid??

kindly also provide reference to the sections and the Acts which govern this matter...

Kindly reply at the earliest..

Regards,
Himani

Intraday trading in liable to tax audit. if trading limit crossed by Rs.1 Cr