Accounting & Tax Treatment of Daily Shares Online Trading
This query is : Resolved
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
16 August 2010
PLEASE NEED AN URGENT EXPERT OPINION.
REGARDS
REGARDS
16 August 2010
SORY THE QURY IS TSILL OPEN
21 August 2010
The share trading on daily basis is treated as business and u have to accordingly maintain your books of accounts.
21 August 2010
I need to eloborate further by the experts opioion.
04 August 2023
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
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
