Articles by Ritik Chopra

What are Candlestick Charts in the Stock Market?

Posted by Ritik Chopra 26 October 2021 5546 Views

A Candlestick is a pictorial depiction of the price of a stock. It displays the high, low, open and closing prices of a stock. When read collectively, they help to identify patterns and predict future prices.

Deemed Incomes Under The Income Tax Act

Posted by Ritik Chopra 18 October 2021 14853 Views

Discussing tax treatment of cash credit, unexplained investments, unexplained money, amount of investments not fully disclosed in books of accounts, unexplained expenditure and amount borrowed on hundi in cash.

Investing abroad through mutual funds

Posted by Ritik Chopra 08 October 2021 5277 Views

Many of you might not know that you can actually invest in abroad companies through mutual funds. Funds of Funds, Feeder Fund, and Actively Managed Funds are the different channels to invest.

What are Mutual Funds?

Posted by Ritik Chopra 25 September 2021 5134 Views

In case of mutual funds, the mutual fund professional will take decisions on your money that is invested in the mutual fund. A mutual fund company takes money from people who are interested and re-invests.

What is Grey Market Premium (GMP)?

Posted by Ritik Chopra 25 September 2021 5620 Views

GMP stands for grey market premium. It is a term used to estimate the price at which the IPO share would be listed in the market. This grey market operates before the listing and it starts from the IPO start date.

Section 48: Method Of Computing Capital Gain

Posted by Ritik Chopra 13 September 2021 8615 Views

The income chargeable under “Capital gains” shall be computed by deducting the amounts discussed in this article from the full value of the consideration received or accruing as a result of the transfer of the capital asset.

What is not included in the definition of Capital Asset?

Posted by Ritik Chopra 12 September 2021 27309 Views

While computing income under the head income from capital gains, the most important thing to understand is the definition of a capital asset. However, let us discuss certain assets which are not considered capital assets.

How to Determine the Residential Status of a HUF?

Posted by Ritik Chopra 06 September 2021 18242 Views

Residential Status is to be determined for the taxability of income of a person. This term is coined under the Income Tax Act and has nothing to do with the nationality or citizenship of a person.

Section 44 AE: Profit from the business of carriage of goods for truck owners

Posted by Ritik Chopra 04 September 2021 4842 Views

To provide relief to persons who are engaged in the business of plying, hiring or leasing goods carriages Section 44 AE of the Income Tax Act was introduced.

Computation of Period of Holding

Posted by Ritik Chopra 02 September 2021 8204 Views

Period of holding starts from the day when the asset is acquired by the assessee and ends on the day when it is sold/disposed off/transferred otherwise.