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i'm having 15lacs in my hand right now in cash
i dont have any heads of income
and i haven't filed any return till now
i would like to have monthly earnings of
10thousand
how should i proceed
should i file a tax return every year
what are the investment opportunities
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sir,
mere uncle n 10years pehle tata spnge s 200 equity shares purchase kiye the purchase ker k vo bhul gye ab jab unhone apne almirah check kiya to unhe yaad aya ki unhone share purchase kiye the to unhe ab kya kerna chahiye
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If i buy Shares/ Mutual fund Units for Rs. 1000 on 01.04.2013,
Market Value of it on 31.03.2014 Rs. 1200,
I sell it on 30.04.2014 for Rs. 1250.
How can accounting be done ???
(1) Ans 1:
on 31.03.14
Income Receivable Dr. 200 [Current Assets]
Income Cr. 200 [P & L A/c.]
>> and Investment Shown in B/S at Cost on 31.03.14.
On 30.04.2014
Bank Dr. 1250
Investment Cr. 1000
Income Receivable Cr. 200
Income Cr. 50
(2) Ans 2: on 31.03.14
Investment Dr. 200 [Investments]
Income Cr. 200 [P & L A/c.]
>> and Investment Shown in B/S at Market Value on 31.03.14.
On 30.04.2014
Bank Dr. 1250
Investment Cr. 1200
Income Cr. 50
Correct Ans is any of Above, or Any Else ??
Please Suggest me.
- Akash Unadkat
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Dear Concern, My grand mother is helding physical shares of ITC since 1988 and till date several bonus & split happened and we have received the same. My granny is not having demat account and neither she is having pancard, is it possible to transfer shares in my name, if yes then what will be the tax liabilities.
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What will be the impact on career to work as an equity advisor ?
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No of stock exchange