i am mohit gupta form jhansi passed CA inter and expeced to appear in final exam in may
2010 i am suffering from eye difficulty that is low vision i faced lot of difficulty in my trainingso could u direct me for my career

Hi,
I am a salaried employee with annual salary of 6 lac/annum. I was involved in the following trading in the NSE stock market. I want to know the STCG and the income tax liability. Please help in determining the exact STCG and tax on it.

Trade-1 - Bought 10 shares of Reliance Industries on 20-05-2008:
Rate per share: 2100
Brokerage: 157.50
Service Tax: 19.50
STT: 26.25

Trade-2 - Sold 10 shares of Reliance Industries on 25-06-2008:
Rate per share: 2200
Brokerage: 165
Service Tax: 20.40
STT: 27.50

Hi friends

One of my client buy stock form finland and some other countries for that it has to make payment thorough bank. i have been appointed to fix the rate of $ with bank so before making payment bank get my consent and fix rate.normally the bank offer the rate of doller at that time.
i wish to know that is there site from which i can confirm the rate, is any fixed rate for a particular day of the rates are changing frequiently thorugh the day for bank transactions. is any other method of payment to foreign supplier.pls inform the comprehensive information.

N.B.

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