i am a bank official retd in 2016, i used to do intraday business and always on loss. now my auditor is saying there will be tax on intraday turnover. please guide me.because of allowing 5 day credit the ledger summation is 1crore above.
during the fin year 2016-17 the toal sales 44008675.50 and total purchases 44018349.31 and taxable income -9673 loss.

Dear Sir,

The investor is an NRI. There are multiple investment in the same MF in one scheme. The investments in MF have been redeemed within a year. There is gain on only one transaction and loss on other transactions at the time redemption (All units or entire investment amount). If we see overall there is a loss to the investor. But transaction level, there is short term capital gain for one transaction.

We have taxed @30% (Short Term Capital Gain Tax) on transaction where there is a gain.

The query is do we need to consider overall loss or gain / transaction level gain or loss

Thanks & Regards

Suresh
#9100497900

Dear Experts ,

My query is in relation to the tax saving investment. I have to make some investments in 80-C, to save taxes.

Now, the markets are quite high as described by many investors and as per information available on m any websites. I am not an expert of calculating valuation of market. So i am not sure what the websites or experts say that is truth or not, but still i am relying on what they say. ELSS has short lock in period.

Now PPF is a very safe asset and can give a normal return. But experts say that interest rates will go down in future.

Kindly guide what to choose. As i don't want to loose my hard earned money if the stock market goes down . Also i don't want to loose an opportunity if it goes up.

Will appreciate if someone can guide

Thanks
Akshay

About 10 Years back, bank account as well as Demat/Trading Account was opened by giving full name mentioning Surname also. In the Pan Card data, name with and without Surname was given but the name on Pan Card is without Surname. However there had been no problem of linking bank account and Demat/Trading account with Pan card as full name with surname is available in the Pan Card data.
However in Aadhar Card only one name was to be given so Name without Surname was given. Hence on Aadhar Card the name without Surname appears.. Now while linking Aadhar Card with Demat/Trading account it was not done due to mismatch in name.
Please advise as to how this problem can be resolved. The name on Aadhar can not be changed now as it is already linked to other accounts where no mismatch in name is.

I want to joint a firm where i can exposure of wealth management. i have completed the 1 year tenure of my articleship & i want to make my carier in stock market so suggest me any firm as i want.
Contact no 9891425988, Email- vipuljain1911997@gmail.com

hi.. my brother had invested 2 lakh rupees in bitcoins through zebpay which he took it from my father. he dont have any income source.. now the zebpay is asking his last 3 years income tax returns attested by a qualified ca to withdraw that money.. how to handle this? please assist me with this

My father bought 200 shares of Dabur India Ltd. from a co worker at the market price in 2002 but did not transfer the name. Now after the spilt and bonus it has become 12000 shares in number. He has original share certificates and transfer form signed by original buyer. what procedure he needs to follow to get 12000 shares on his name . kindly guide.

In 1992 some shares of quoted Cos were transferred in two cases of death of holder

1. Jointly held - Death cert submitted by Administrator mentioned in Will but not probated and no succession cert.One joint holder could not sign

2. Singly held - Death Cert submitted By Administrator mentioned in Will but not probated and no succession cert

As it is many years ago need your advice please owing to legal issues.

Hi sir, I have incorporated a Public Limited Company in Feb, 2016 with subscribed capital of Rs. 30,00,000. The shareholders have not paid the subscribed amount till today. What is the accounting treatment for this transaction? What is the maximum time limit to pay the subscribed capital to the company after incorporation?

I had a quick question in mind. If my brother gifts me half of his shares in his pvt ltd company, what taxes are to be incured in this?