Profit or loss on share trading

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pradeep vindurani (Querist)
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10 September 2013 sir i am a Share Broker having number of accounts of clients. i have one client who did a trade and could not match the balance in accounts , so i did that trade in my own trading account taking SOME AMOUNT CHEQUE from client. Now profit or loss belongs to m or him , if i return his principle and profit/ loss by cheque.

pradeep vindurani

pradeep vindurani (Querist)
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10 September 2013 in simple words im share broker took 10000/- cheque from Mr X and deposited inn my own trading account. then i booked profit of 2000/- in my trading account & returned 12000/- to Mr X. Now question is can i make X responsible for income TAX ?

pradeep vindurani

pradeep vindurani (Querist)
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10 September 2013 All STT and other taxes are in my name, client X is ready to show profit in his ITR

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