Respected Sir, d) "option in securities" means a contract for the purchase or sale of a right to buy or sell, or a right to buy and sell, securities in future, and includes a teji, a mandi, a teji mandi, a galli, a put, a call or a put and call in securities; (definition under SCRA,1956)

Here, what is the meaning of " a Galli " ?

Thanking U & I wish u a very HAPPY TEACHER'S DAY (5TH SEPT.)

please tell me the accounting entries for shares in the books of investor.i operate tally.so most preferably mechanical entries.i have the client statement of share trading and ledger provided by the broker . am finding it difficult to cope with the speculation trading. plz can anyone help me throughout the entries plz plz ?

Hello,

My query is regarding taxability of Mutual Funds.
a) I have invested in Mutual Funds & some are under the scheme of Divident reinvestment. So on redemption, how would you arrive at the Sale value and cost.
b) All the mutual funds sold are long term only and are subject to STT

Thanks in advance

Regards

what is the meaning of Z group shares?

what is the full form of ITC and what it deals in?

Whether loss in future and options is speculative business loss or non- speculative business loss in case when profit/gains is treated as business income

in case of person dealing in shares regularly the profit or gains is treated as business income. Can i value stock holding as on 31.3.2008 taking market value as on 31.3.2008 The purchase cost is higher

once when it is decided that profit/gains will be treated as business income can it be said that day trading profit is speculative business profit and profit from delivery of shares is non-speculative profit or entire profit/gains is speculative profit please some one answer as soon as possible

hello experts
Who are "jobbers" in the stock exchange parlance? how exactly they are differenent from brokers? please provide example.

my friend doing share trading and he made 40 lakhs turnover in this year in future & Option. whether he is levied with capital gain tax for this year if he got profit?
If yes in which slab and will it is treated as income from Business or Profeesion head?