Chinmay Kamat
This Query has 3 replies

This Query has 3 replies

22 September 2009 at 10:49

FIFO basis for Cap Gains on shares

Hello friends,

Suppose I wish to show all my trading gains/losses under the head capital gains and that I have the following Information for Opening stock, Purchases and Sales in MS Excel:

Dates of purchase/sale, Quantity and the total amount.

We know that as per CBDT circular we are supposed to determine whether the transactions are long term/short term on FIFO basis. This will significantly affect the tax implications..

My question is how I can find out whether the transactions are LT/ST based simply on the dates and quantity. I want to know if the process can be automated in excel or any other software. I have been trying to find a solution for quite some time and cant find any formula or method in excel...

Thank You


Moiz
This Query has 2 replies

This Query has 2 replies

21 September 2009 at 17:51

Difference between speculation and trading

Can anybody tell me the exact difference between trading & speculation in shares..
I have searched on many sites but i cant come to any conclusions.


rajesh
This Query has 3 replies

This Query has 3 replies

19 September 2009 at 17:59

SHARE DETAILS

DEAR SIR/MADAM

AS ASSESSEE PURCHASE DURING THE YEAR 1 CRORE VALUE OF SHARE AND SOLD SAME YEAR 85LAKHS VALUE OF SHARES HE WAS PAID STT AT THE TIME OF SOLD HE IS SHOWN HIS INCOME UNDER BUSINESS OR SHORT TERM CAPITAL GAIN COVERED U/S 111A. PLEASE TELL

THANKS IN ADVANCE


CA Sandhya S
This Query has 1 replies

This Query has 1 replies

19 September 2009 at 10:58

EFT

Hi can someone brief about the pro's and con's of ETF??


Ankita Sharma
This Query has 1 replies

This Query has 1 replies

18 September 2009 at 17:51

how to be a good investor

hi.. i want to invest in equity market .for that i want to now the steps which i should know to study the market in depth so that i can invest in market with proper knowledge.


Ankita Sharma
This Query has 4 replies

This Query has 4 replies

18 September 2009 at 17:49

individuals tax planning

hi..i jus wanna know that can tax of an individual(salaried class) can be saved beyond 1 lakh limit. if there is any option do tell me


shankar.m.p
This Query has 1 replies

This Query has 1 replies

16 September 2009 at 15:27

depository participant

could anyone tell me who a depository participant is and how is he different from a stock broker ? and also an example of DP


shankar.m.p
This Query has 3 replies

This Query has 3 replies

16 September 2009 at 15:15

DP (depository participant)

could anyone tell me who a depository participant is and how is he different from a stock broker ?


Lavanya V
This Query has 1 replies

This Query has 1 replies

16 September 2009 at 12:49

Derivatives & Commodity Trading

Can anyone explain me the basics on derivatives and commodity trading and the concepts involved? And also the accounting procedures and policies for the same


VIVEK
This Query has 2 replies

This Query has 2 replies

13 September 2009 at 01:09

EXPENSES

I WANT TO OPEN A PROPRIETORS SHIP FOR TRADING IN EQUITY SHARES. I WANT TO BOOK FOLLOWING EXPENSES:
1-BROKERAGE AND STT
2-TELEPHONE AND INTERNET EXPENSES
3.ELECTRICITY EXPENSES
4-COMPUTER REPAIR AND MAINTAINENANCE EXPENSES.
5-RENT
6-SALARY
ETC.
CAN I BOOK ABOVE EXPENSES AND WHAT KIND OF OTHER EXPENSES CAN I BOOK.