This Query has 1 replies
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
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what is the meaning of Z group shares?
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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
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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
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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
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hello experts
Who are "jobbers" in the stock exchange parlance? how exactly they are differenent from brokers? please provide example.
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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?
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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
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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)
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Taxability of Mutual Fund