INTRADAY GAIN/LOSS
This query is : Resolved
27 January 2010
CAN THIS GAIN OR LOSS BE SHOWN IN ITR AND IF LOSS IS THERE CAN WE CARRY FORWARD IT OR NOT?
IF GAIN IS THERE THEN WHAT TYPE OF TAX IT ATTRACTS?
I AM TALKING ABOUT INTRADAY TRADING IN STOCK MARKET.
IF GAIN IS THERE THEN WHAT TYPE OF TAX IT ATTRACTS?
I AM TALKING ABOUT INTRADAY TRADING IN STOCK MARKET.
27 January 2010
Loss from the speculative busines is not allowed.
27 January 2010
Intra-day transactions are known as spectulative transactions.
Loss from such transactions are eligible for carry forward for 4 assessment years.
But this would be set-off from the "speculative profits" only.
( Humour - Government thinks that speculators should continue their activities till they make profits ! )
Normal rate of taxation is there on speculative transactions also.
SO BROTHER "CARRY ON" SPECULATIVE TRANSACTIONS ! "CARRY FORWARD" IS AVAILABLE.
Loss from such transactions are eligible for carry forward for 4 assessment years.
But this would be set-off from the "speculative profits" only.
( Humour - Government thinks that speculators should continue their activities till they make profits ! )
Normal rate of taxation is there on speculative transactions also.
SO BROTHER "CARRY ON" SPECULATIVE TRANSACTIONS ! "CARRY FORWARD" IS AVAILABLE.
27 January 2010
Agree with experts.
27 January 2010
spectulative loss can be carried forward till 4 A.Y.
But you have to file the return within time on belated return it can't be carried forward.
But you have to file the return within time on belated return it can't be carried forward.
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?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Disallowance of Section 43B(h) to sez units
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- 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
Trending Online Classes
CAclubindia
