Accounting & Tax Treatment of Daily Shares Online Trading
This query is : Resolved
Jitendra M.Gurejani
(Querist)
14 August 2010
Dear Respected CA Club Members,
Our Company Directors have invested funds in IDFC Investment Portfolio, where the daily Online Shares are Traded and Transacted. We get the monthly Portfolio Statement disclosing the name of the scrips bought & sold, thier loss/ gains. What is the Accounting Treament we will do in the tally and What is Tax Treatment on the sale of Loss/Gain on sale of Transaction.Please revert me back.
Thanks & Best Regards
Our Company Directors have invested funds in IDFC Investment Portfolio, where the daily Online Shares are Traded and Transacted. We get the monthly Portfolio Statement disclosing the name of the scrips bought & sold, thier loss/ gains. What is the Accounting Treament we will do in the tally and What is Tax Treatment on the sale of Loss/Gain on sale of Transaction.Please revert me back.
Thanks & Best Regards
Jitendra M.Gurejani
(Querist)
16 August 2010
PLEASE NEED AN URGENT EXPERT OPINION.
REGARDS
REGARDS
Jitendra M.Gurejani
(Querist)
16 August 2010
SORY THE QURY IS TSILL OPEN
CA.Yogesh Patel
(Expert)
21 August 2010
The share trading on daily basis is treated as business and u have to accordingly maintain your books of accounts.
Jitendra M.Gurejani
(Querist)
21 August 2010
I need to eloborate further by the experts opioion.
Dhirajlal Rambhia
(Expert)
04 August 2023
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