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

Please explain Repo rate and basis points.
Please refer the following sentence -
"In the last fortnight we witnessed the RBI increase the Repo Rate by 50 basis points to 9.0 per cent"

Hi...
I dont have any knowledge about share market, so sometimes i will have to sit like a dumb when the discussion related to share market is going on..

Can any one tell me about the sensex and nifty in some simple way?

I really need to know, so please help me out..

fOR THE f.y. 2007-08 , I am doing lot of transcation & Now i have 2000 contract note . So its not possible in Excel file for finding STCG & LTCG . Is it any software in market where all the contract note entered & find out STCG & LTCG & also reconcile broker ledger .

2) I am doing transaction in F & O . So what is accounting treatment & whether all the sale & purchase eneterd through contract note.

3) In Contract Note Broker Charged Brokerage , S.Tax , STT & Education Cess - Should i show all this charges seprately or it will less in STCG / LTCG

Please help or giv ur reply in my mail ID rahul20262003@yahoo.com

What is the meaning of hedging & How it works & give an suitable example?