Bhaskaran Chackrapani Warrier's Expert Profile

Queries Replied : 22307

Graduate of Kerala University.

Fellow member of ICAI.

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Shruti Mishra says : Short term capital gain & sale consideration
The thumbrule is stamp duty value shall be adopted while computing long term capital gain as full value consideration in case stamp duty value is higher than agreement value. does the same apply to short term capital gains as well ?

prateek says : Process of remittance
lease guide me is it possible to claim exemption u/s 54F for purchase of property outside India by a NRI. Further please let me know the process of remittance of Actual Cost + Capital Gain outside India.Will it be done through Form 15CA and 15CB

SACHIN says : How to know turnover of Option Trading
I am trading in F & O . How to find turnover of Option Trading , According to ICAI Guideline:- 1) The total of positive and negative or favorable and unfavorable differences shall be taken as turnover. 2) Premium received on sale of options is to be included in turnover. So the difference of Option Trading is loss or profit but what is this premium received on sale of option is also be included in turnover means what suppose option buy Rs. 100/- sale of option is 120/- profit is Rs,20 how to find turnover net Difference is Rs.20/- and also premium received to be included i.e. Rs.120/- ? Or turnover is Rs.20/- or 20+120= 140/- ?

Venkatesh S says : Forex Translation Loss
Dear Sir, Is there any case law for capitalisation of Foreign exchange loss (Translation Loss)Because we have branch in USA and buying for asset for that branch when $ rate was 45 RS but Now $ rate is Rs 60+ Now we are facing huge amount of exchange loss (note-it is not int on borrowed amount from bank) it affects my(HO) profit. Kindly advice, Regards venkatesh (Accounts & Finance) Working in reputed Organisation