Calculation of capital gain
This query is : Resolved
14 July 2018
I have made many transactions in shares including intra day and short term. I am unable to calculate tax on these. Can you please provide a format or utility where I can calculate the tax on these transactions?
14 July 2018
It you are regularly trading, income is to be offered under the head'income from
business or profession' for which a profit and loss account and balance sheet has
to be prepared. Then compute the taxable income from the result of the P & l.
Ps:- itraday trading comes under 'speculation business'.
business or profession' for which a profit and loss account and balance sheet has
to be prepared. Then compute the taxable income from the result of the P & l.
Ps:- itraday trading comes under 'speculation business'.
14 July 2018
It is difficult for me to maintain balance sheet and profit & loss statements. If I want to offer it under short term capital gains head, how can I calculate it
16 July 2018
just go through your contract notes issued by your broker, you;ll find almost all detail...
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?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- Tds on building rent monthly
- 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
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
