How to compute the income
This query is : Open
04 September 2012
sir I have a client, who are doing business of sale and purchase of shares. and its transaction near about 5 crore rupees but he is suffering still losses in share market. i have got trading a/c of transaction from the client which is shown only transaction . so sir how i am compute the income of the client and in which itr .please sent reply as soon as possibe
your faithfully
gautam
ipcc group II student
your faithfully
gautam
ipcc group II student
07 September 2012
If total sale in delivery goes beyond 60 lakh, you have to do audit.
Just follow FIFO method. Start from opening stock of share, now add purchase and less sale by FIFO method.
More easy way, ask client to demand "Sauda Summary" from his stock broker, it usually contain profit n loss also.
Just follow FIFO method. Start from opening stock of share, now add purchase and less sale by FIFO method.
More easy way, ask client to demand "Sauda Summary" from his stock broker, it usually contain profit n loss also.
27 October 2012
. sir u are give my problem answer ishall be thanfull to you and give any notes to me or give the path of obtaining that kind of notes for studying that kind of problem for deeply knowledge.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reporting Income under Section 44ADA
- Itr 1 processing
- Off Market debit and credit transaction
- ITR 2 Short Term gain & Long term gain
- Showing Gift from relative in ITR for this year
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR selection for salaries and capital gain less than L
- ITR returnFY25-26
- ITR 1: Details for showing Exempt Income
- Share accounting-->fifo - capital gain - period as per fifo?
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
