CA S Sundararajan
17 May 2008 at 12:55

SCRA & Income Tax

Dear Sir,

My client is a licensee of "Depository Participant" as a Sub-broker. For expand the volume of operation, he is willing to convert the Proprietorship in to Partnership firm. But according to SCR Act,1996 and guidelines, only Individual and Company can allow to hold such license.
In such situation, He comes out with following option.
OPTION -1
1. Continue the license as the capacity of Individual
2. Get the Cheque from Broker in his own name and convert the Cheque to Firm's name.
3. Explore the TDS credit from Broker in his name alone.
OPTION-2
1. Continue the license as the capacity of Individual and appoint the other 2 persons as "Technical Managers - Fund" instead of admitting as Partner
2. Offer Salary with Commission on Profit
3. Explore the TDS credit from Broker in his name alone

What is your Suggestion?


Nagaprasad.K.S
16 May 2008 at 13:29

NCFM MODULE TEST PAPERS

Dear Sir.

Thank you sir i have revc the mail from u end, i that only module book are there, there is any other web site to check the module test papers for NSDL-Depository Participant, NSE-Cash and NSE-Deratives .(other than NSE web site)

Please let me know as early as possile.

Regards

NAGAPRASAD.K.S

Bangalore


Nagaprasad.K.S
14 May 2008 at 12:10

NCFM MOCK TEST PAPERS MODULE

Dear Sir,

can anyone send me or tell the source where from i can get the sample mock test question for the ncfm exams in capital market, derivatives and nsdl dp paperrs. (other than NSE web site,nsdl.co.in), plz let me know as early as possible

Warm regards

NAGAPRASAD.K.S

Bangalore


SSA JI

frankline templeton invesmetn SIP plan is a notified units of mutual fund
and what is the notified units of Mutual Fund ?


LATHA RAMESH

I have been hearing news about companies avoiding taxation through investment in mauritus. Can you please throw more light on that? Is there a weblink I can refer to?


utsav
05 May 2008 at 19:51

right shares in future & option

suppose i am holding the shares a company & that company is coming up with right issue . so my question is that can i get the shares in right isssue


amit

we are doing equity index arbitrage. We buy nifty futures and sold equivalent % of stock futures so our position is 99.99% hedge. Suppose we bought 1,00,000 nifty @6000 and sold equivalent stock futures at same level to take advantage of arbitrage opportunity. Now on 31st March the Nifty value comes to 4500 but we have positive mark to market as we have already sold stock futures of equvalent value. Now as Guidance note issued by ICAI we have to provide for Mark to Market loss on Nifty futures i.e.Rs.1500 lacs and should not consider gain of Rs.1510 lacs on stock futures. To me in such cases as matter of prudence on has to consider profit/loss of whole basket instead of considering each item individually. Any comment ???


Avinasheswar
28 April 2008 at 12:40

Subprime crisis

It is heard subprime lending is a normal thing in US. Then how come it became a crisis this time? Where did the crisis start?


Raghu
26 April 2008 at 12:32

CAN ANYBODY TELL ME

DEAR ALL
CAN ANYBODY LET ME KNOW ABOUT THE STOCK MARKET I.E., ABOUT INCREASE, DECREASE IN THE VALUE OF SHARES
THE WAY HOW THEY ARE VALUED
AND ABOUT THE SENSEX

AWAITING REPLIES
THANKS ONE & ALL


Anil
22 April 2008 at 15:47

ICICI share trading under BTST scheme

If a person trades under the BTST(Buy today sell tomorrow) scheme whcih is being offered by ICICI to its online share traders,is the profit made considered as speculation profit?






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