INTRA DAY TRADING
This query is : Resolved
Ankur Goyal
(Querist)
12 October 2010
Please tell me that Intraday trading Profit is shown where? Profit directly to be shown in Trading A/c or in Profit & Loss A/c.
It is a case of a person dealing in shares only but not a broker.
It is a case of a person dealing in shares only but not a broker.
12 October 2010
income / loss is treated as income from business.
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Ankur Goyal
(Querist)
12 October 2010
Yes Sir, it is business income. But where it will be shown. In Trading A/c or in P/L A/c.?
Ankur Goyal
(Querist)
13 October 2010
plz help me....
NITIN SHARMA
(Expert)
19 October 2010
IN MY OPENION AFTER CHARGING BROCRAGE IT SHOULD BE SHOWN TO P& L A/C BECAUSE TO EARN THIS INCOME THE ASSESSEE DID NOT FACED ANY DIRECT EXPENSES.
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