Hi,

Can anyone help me in usnderstanding following:

1. I buy and sell shares on NSE and pay commission and STT on both sides of transaction. Can this STT be deducted from my STCG that I make in this process?

Suppose I buy 10 shares of company XXX for Rs 10/- per share. I pay Rs 1000/- for my purchase and additionally pay commission of Rs 5/- and STT of Rs.5/-. So my total cost becomes Rs. 1010/-. Now if I sell these 10 shares after 10 days for Rs. 15/- per share and make Rs. 1500/-. I again pay a coomission of Rs. 5/- and STT of Rs. 5/-. So by total inflow is Rs. 1490/-.

Now, is spent Rs. 1010/- for buying the shares and got Rs. 1490/- when I sold all. So my Short Term Capital Gain (STCG) is Rs 480/- (1490-1010).

Is this correct? If not then can anyone please explain what my STCG using above example?

Thanks,
Abhishek

I registered with the institute after completion of my graduation all 5 attempts have been exhausted. Neither I have cleared any group nor got any exemption. Am I eligible to write Nov 2008 exams?

As per new AS15 Revised , Acturial valuation for Gratuity and Leave encshment has to be computed under projected unit cost method so is it necessary to recompute Acturial valuation for Gratuity and Leave encshment for previous year 06-07.
and show the trasitional liability seperately in the current year 07-08

pls help me.am not able to clear in income tax for the past one year.plz give me tips to pass apart from hardwork.i dont know how to study this subject and match the examiners expectations.help needed please

I NEED FBT CHART FOR INCOME TAX A.Y. 2009-10. SO, PLEASE SEND ME FBT CHART AS EARLY AS POSSIBLE.

REGARDS
YASHODHAN

hai everybody

i have cleared my PE2 ,
i wanted to know how to register for final course,
i have seen the form(online)there it has two options for registration
old and new ,
i dont understand which one to opt,
it is also given with articles and without articles or audit services,
can anyone clarify it further
thanks

hai everybody

i have cleared my PE2 ,
i wanted to know how to register for final course,
i have seen the form(online)there it has two options for registration
old and new ,
i dont understand which one to opt,
it is also given with articles and without articles or audit services,
can anyone clarify it further
thanks

Hi,
I'm trying to fillin the ITR 2 (I have house property).
I've filled in the TDS info from the 2 employers. But both have not deducted HRA.

My parents reside in the property, and it is not in Bangalore(where I work).
So no rental income.

So I've shown just the interest loss and offset it against salary income. Hope that is fine.

1. My doubt is can I claim HRA now ... ?
2. If yes; In ITR 2 where should I deduct the amount of HRA ..?
3. Should I show the rent receipts while getting ITR V acknowledged ..?
4. If HRA cannot be claimed, can I atleast claim the minimum 24000 under 80 GG ...?

Please reply ASAP.

My client is a women assesses she had 1 Pan card before marriage. After marriage she applied for another PAN CARD. Now she has 2 PAN card. Which should be valid PAN card and process of cancellation

What is the procedure to cancel one PAN cards when i have 2 pan cards?