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?

Hi Friends !

Can any one tell me how do I find out the details of various Branches and Service Centres providing DP services

Thanks and Regards
Rati

Dear Sir,
How to determine TURNOVER in case of intra day transaction (speculation)in shares.
what is the turnover in the following illustration :
1-8-08 Loss 5000
2-8-08 Profit 1000
4-5-08 Loss 2000
5-5-08 Profit 3000
whether Turnover is :-
i) (+) 4000 (i.e. only profit)
ii) (-) 3000 ( i.e. profit less loss )
iii)11,000 (i.e. total of all profits and
losses)

when market price of shares is very high or just double to its face value then weather we should invest or not & why?

Hi,

What are goods and bads regarding ESOP.

One of my senior family member is offered to buy shares of company in which he is working, under ESOP scheme. He is working in Camlin Ltd. (company mfg Pens, pencils etc.) and will be retiring after 1.5 yrs.

Max stock offerable is 4650sh @ Rs.16 per share having face value of Re.1. He is planning to buy shares worth Rs.15000.

Since i have not dealt with ESOP earlier i would be happy if experts give me some idea regarding ESOP.

Hi,
The following are my queries.

1. How to compute the income/loss from options and futures.
2. I have considered the income/loss from options and futures as income/loss from speculative business.

Please provide me with the complete details with respect to the above aspects.

Regards

CA Tejashwini