I would like know how to calculate turnover for trading made in Futures and Trading made in Options. what is the limit for tax audit?

Shares like Videocon Ltd is delisted.. and shareholder will not get any consideration..

Now my question is can I book loss as LT Capital loss n adjust same with realised LT capital gain.
If not where I will adjust this loss

Plz guide
Thanks in advance

Dear Sir,

I am 38 years old and have started investing in Mutual funds 8 months back and my monthly SIP done are as follows :

Mirrae Asset Large Cap Fund : 10,000/-
Axis Small Cap Fund : 5,000/-
Axis Bluechip Fund : 10,000
Parag Parikh Flexi Cap fund : 25,000/-
UTI Nifty Index Fund : 10,000/-

I want to know are the above SIP's good enough for long term investment if my investment horizon is around 10 years and I want to get return on this investment of around 15-20%.

Please help me in this matter.

Regards,
Divyesh Jain

Mr. A died 10 year ago without nomination of his holding in favor of his legal heir and he holds shares in certificate form. Then what is the process of transmission of shares.

Hi,
In one of my client, 1 preference share is converted into 10 equity shares.
For example, - 10 Rs preference shares are converted to 100 Rs equity share.
What would be the accounting treatment for the difference of Rs 90 in the Balance sheet and presentation in schedule III.

I really appreciate any help you can provide.

My father had purchased some shares in the 70's and 80"s the purchase price of which are not known today. Needless to say they were in physical mode. Were dematted once the demat process was introduced.

Due to various reasons my father changed his dp on multiple occasions and the shares were transferred from one demat to another (All demat in his name).

Consequent to his demise the shares were transmitted to my demat account.

Suppose if i sell the shares today how will LTCG be calculated

Hi,

I need your help in understanding correct calculation of LTCG , for below mention example:

LTCapital Loss = Rs. 10,000/- & LT Capital Gain = 5,000/-

my question is :

(1) Will the LT Capital Gain will be deducted from Loss i.e (10,000 - 5,000) = 5,000/- loss will be carried forward???
OR
(2) Will LT Capital Gain 5,000/- will be shown as exempt income & Lt Capital loss of Rs. 10,000/- will be carried forward ???


plz help which is correct way to show in income tax returns


Thanks,

I am a CA in employment and I wish to become a SEBI registered investment advisor to provide advisory services part-time. I understand members in practice can do that but I couldn't find anything for members in service. I would really appreciate any help with my query.

I inherited shares from my father after his demise in Sept. 2019.
My father had bought those shares before 31-1-2018.
The shares were transferred (by off-market transfer) to my demat a/c in March 2020.

As this was transfer without payment of consideration, the cost of acquisition for me would be my father's purchase price.

My query :
I sold some of the shares last month.
As those shares were purchased by my father before 31-1-2018, can I apply FMV (as per grandfathering clause) while calculating my LTCG?

Hi All, If i want to gift share to my mother demat account and i again wanted to transfer those share to my account from mother's account. Is it possible? and is there any tax implication? By transferring again back to me, to determine nature of capital gains whether STCG or LTCG, the date of acquisition by the previous owner till date of sale is necessary. Could you please confirm date of acquisition will be considered from since i have purchace those shares first or it will be consider when my mother got the shares before again transferring back to me?