I do margin trading everyday with an amount of 10,000. I hardly make a profit of 100 or 200 and sometimes losses too. Overall position until now is a loss. However, the total transactions amount run into lakhs. Is there any limit on this transaction amount in a year ? Can i do a self-assesment at the end of year and submit the loss/profit in my return ? Or do i need to hire a CA to get it done (however, the charge for him will be another burden) ? If suppose, I end up in profit at the end of year (which i assume is short term capital gain) and if that amount falls within the tax limit of 1.6lac, do i still need to pay the 15% short tem tax ? Too many questions. However, will be thankful for you advise. Thanks in advance.

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Dear Sir,

Hi this is kumar my company is not listed company my director need to transfer 40 k shares tranfer to anther person can pl tel me waht process i will do please help me

Regards
Suresh

hi moderator,
i m a new member of ur forum.i was going thru mails written by other members ,they were very helpful. i have 2 quaries regardiing my HUF account.
1.my husband was the karta ,he expired last year,me n my minor son are the member of above said HUF.NSDL has asked me to get succession certificate as HUF has desolved? is it true? if so than can u give the reference of it.
2.HUF was generated by money gifted by my sister inlaw who is married ,now asking me to return that money , am i legally responsible to return that money? my husband already returned that money to her after earning but i dont have legal documents of that n she is denying n threatening me to go to court.

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hi Friend -whetehr securities transaction tax & Service tax & Stamp duty paid on sale or pur. of shares are allowed as an expense. plz help me

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