Income recognition
This query is : Resolved
23 July 2016
Dear Sir,
How income will be recognize of investment in shares.
How income will be recognize of investment in shares.
25 July 2016
It depends upon nature of income earned i.e short term or long term.
26 July 2016
If I sold out then capital gain arise. But If i am holding suppose share of rs 20lacs and there is unrealized profit is of 500000 then any income will be arise by comparing invested value and present market price?
26 July 2016
If I sold out then capital gain arise. But If i am holding suppose share of rs 20lacs and there is unrealized profit is of 500000 then any income will be arise by comparing invested value and present market price?
26 July 2016
Income from share/stocks are recognised on cash basis and not on mark to mark basis.If you are holding the share and has not yet booked profit, then it will not be treated your income as per Income Tax act. This is only a notional gain.
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?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Import license renewal
- 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
